Continuous Offer of Units at Applicable NAV Key Information … Combined_Debt.pdf · Name of the Fund Manager Mr. Shobhit Mehrotra Mr. Miten Lathia (Dedicated Fund Manager for Overseas

Sponsors :

Housing Development Finance Corporation LimitedRegistered Office :Ramon House, H. T. Parekh Marg,169, Backbay Reclamation,Churchgate, Mumbai 400 020.

Standard Life Investments LimitedRegistered Office :1 George Street, Edinburgh, EH2 2LLUnited Kingdom.

Asset Management Company :

HDFC Asset Management Company LimitedA Joint Venture with Standard Life Investments LimitedRegistered Office :Ramon House, 3rd Floor,H. T. Parekh Marg,169, Backbay Reclamation,Churchgate, Mumbai 400 020.

Trustee :

HDFC Trustee Company LimitedRegistered Office :Ramon House, 3rd Floor,H. T. Parekh Marg,169, Backbay Reclamation,Churchgate, Mumbai 400 020.

SMS HDFCMF to 56767

Continuous Offer of Units at Applicable NAV

Key Information Memorandum and Application Forms

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before

investing. For further details of the scheme / Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors' rights

& services, risk factors, penalties & pending litigations, etc. investors should, before investment, refer to the Scheme

Information Document(s) (SID) and Statement of Additional Information (SAI) available free of cost at any of the Investor

Service Centres or distributors or from the website www.hdfcfund.com

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds)

Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered

for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this

KIM. The date of this Key Information Memorandum is November 15, 2010.

Open-ended Income Schemes

Open-ended Gilt Schemes

Open-ended Liquid Income Schemes

SCHEMES OFFERED

Open-ended Income & Gilt Schemes

HDFC Income Fund (HIF)HDFC High Interest Fund (HHIF)HDFC Short Term Plan (HSTP)HDFC Short Term Opportunities Fund (HSTOF)HDFC Medium Term Opportunities Fund (HMTOF)HDFC Gilt Fund (HGILT)HDFC Floating Rate Income Fund– Long Term Plan (HFRIF-LTP)– Short Term Plan (HFRIF-STP)HDFC Cash Management Fund– Treasury Advantage Plan (HCMF-TAP)

Open-ended Liquid Income Schemes

HDFC Liquid Fund (HLF)(Open-ended Liquid Income Scheme)

HDFC Cash Management Fund– Savings Plan (HCMF-SP)(Open-ended High Liquidity Income Scheme)

HDFC Cash Management Fund– Call Plan (HCMF-CP)(Open-ended High Liquidity Income Scheme)

TABLE OF CONTENTSPage No.

HDFC Income Fund (HIF) ................................................ 1

HDFC High Interest Fund (HHIF) ..................................... 2

HDFC Short Term Plan (HSTP) ........................................ 4

HDFC Short Term Opportunities Fund (HSTOF) ............. 5

HDFC Medium Term Opportunities Fund (HMTOF) ....... 6

HDFC Gilt Fund (HGILT) ................................................. 7

HDFC Floating Rate Income Fund (HFRIF) ....................... 9

HDFC Liquid Fund (HLF) ................................................. 11

HDFC Cash Management Fund (HCMF) ......................... 13

Information Common to Schemes ................................. 16

Key Information Memorandum 1

Name & Type of Scheme HDFC Income Fund (HIF) (An Open-ended Income Scheme)Investment Objective To optimise returns while maintaining a balance of safety, yield and liquidity.

Asset Allocation Types of Instruments Normal AllocationPattern of the Scheme (% of Net Assets)

Debt instruments (including securitised debt) 80 - 100

Money Market instruments (including cash / call money) 0 - 20

The Scheme may seek investment opportunity in Foreign Debt Securities (max. 50% of net assets) subject to SEBI (Mutual Funds) Regulations,1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets) based on theopportunities available subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme will not invest in Foreign Securitised Debt.

Investment Strategy The net assets of the Scheme will be invested in Debt Securities and Money Market Instruments. The AMC will strive to assess risk of thepotential investment in terms of credit risk, interest rate risk and liquidity risk.Based on this analysis, the AMC would manage the investments of the Scheme on a dynamic basis to exploit emerging opportunities inthe investment universe and manage risks at all points in time. The AMC will attempt to reduce liquidity risk by investing in securities thatwould result in a staggered maturity profile of the portfolio, investment in structured securities that provide easy liquidity and securitiesthat have reasonable secondary market activity.Consistent with the investment objectives of the scheme, the AMC aims to identify securities which offer superior levels of yield at lowlevels of risk. The Scheme may use derivative instruments such as interest rate swaps (IRS), forward rate agreements (FRA) and any otherderivative instruments as may be permitted by RBI / SEBI from time to time.Please refer to Scheme Information Document (SID) of the Scheme for complete details.

Comparison of Existing Schemes For comparison of Existing Schemes, Risk Mitigation Strategy, Asset Under Management (AUM) and Number of Folios,& Risk Mitigation Strategy please refer to point 1 on page 16-18 for details.

Risk Profile of the Scheme Please refer to point 2 on page 19 for details.

Plans and Options Plans : � NilOptions � Growth Option � Dividend Option

Dividend Option offers Payout and Reinvestment facility.

Applicable NAV The NAV applicable for purchase or redemption or switching of units will be based on the time of the Business Day on whichthe application is accepted. Please refer to point 3 on page 20 for further details.

Minimum Application Purchase Additional Purchase RepurchaseAmount / Number of Units(Under each Option) S 5,000 and any amount thereafter. S 1,000 and any amount thereafter. S 500 or minimum of 50 units

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the Official Points of Acceptance of HDFC Mutual Fund.(Redemption) RequestBenchmark Index CRISIL Composite Bond Fund Index

Dividend Policy Please refer to point 4 on page 20 for details.

Name of the Fund Manager Mr. Shobhit MehrotraMr. Miten Lathia (Dedicated Fund Manager for Overseas Investments)

Name of the Trustee Company HDFC Trustee Company Limited

Performance of the Scheme HIF – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#Last 1 Year (365 days) 5.31 5.30

Last 3 Years (1096 days) 7.72 5.93

Last 5 Years (1827 days) 6.42 5.52

Last 10 Years (3654 days) 8.00 N.A.

Since Inception*(3700 days) 8.14 N.A.

^Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date September 11, ’00# CRISIL Composite Bond Fund IndexN.A. Not Available

Expenses of the Scheme Continuous Offer Period(i) Load Structure Entry Load : Not Applicable

Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Upfrontcommission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load :� In respect of each purchase / switch-in of units, an Exit Load of 0.50% is payable if Units are redeemed / switched out within 6 months from the date

of allotment.� No Exit Load is payable if Units are redeemed / switched-out after 6 months from the date of allotment.

Also refer to point 5 on page 20 for details. Please refer SIP / STP enrolment form or contact nearest Investor Service Centres (ISCs) for SIP/STP loadstructure.The Trustee reserves the right to change / modify the load structure from a prospective date.

(ii) Recurring Expenses First S 100 crores 2.25(% of weekly average Next S 300 crores 2.00 Actual expenses for the previous financial year endedNet Assets) Next S 300 crores 1.75 March 31, 2010 (Audited) : 1.80% p.a.

Balance 1.50

Waiver of Load for Direct Not Applicable. Please refer to point 6 on page 20 for details.ApplicationsTax treatment for the Investors are advised to refer to the Section on ‘Taxation on investing in Mutual Funds’ in the ‘Statement of AdditionalInvestors (Unit holders) Information’ and to consult their own tax advisors with respect to the specific amount of tax and other implications arising

out of their participation in the Scheme.

Daily Net Asset Value (NAV) The NAV will be declared on all Business Days and will be published in 2 newspapers. NAV can also be viewed on www.hdfcfund.comPublication and www.amfiindia.com. Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund.

For Investor Grievances, Please refer to point 7 on page 20 for details.Please contactUnit holder’s Information Please refer to point 8 on page 20 for details.

Financial Year

Retu

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2 HDFC Mutual Fund

Name & Type of Scheme HDFC High Interest Fund (HHIF) (An Open-ended Income Scheme)Investment Objective To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to

maximise income while maintaining the optimum balance of yield, safety and liquidity.

Asset Allocation HDFC High Interest Fund (HHIF)Pattern of the Scheme Types of Instruments Normal Allocation

(% of Net Assets)Debt and Money market instruments* 100

*Investment in Securitised debt, if undertaken, would not exceed 30% of the net assets of the Scheme.

HDFC High Interest Fund - Short Term Plan (HHIF-STP)

Types of Instruments Normal Allocation(% of Net Assets)

Debt, money market and related instruments with amaturity more than two years* Upto 50

Debt, money market and related instruments with amaturity less than two years* Upto 100

*Investment in Securitised debt, if undertaken, would not exceed 25% of the net assets of the Scheme.

The Scheme may seek investment opportunity in overseas markets in Foreign Debt Securities and Mutual Funds (max. 20%of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose ofhedging and portfolio balancing (max. 25% of net assets) based on the opportunities available subject to SEBI (MutualFunds) Regulations, 1996.

Investment Strategy HHIF : The net assets of the Scheme will be invested in debt securities and money market instruments. The Investmentstrategy of restricting the portfolio largely to debt securities, money market and related instruments is intended to reducerisk while maintaining steady income. Credit risk will be minimised by investing only in those companies/industries that havebeen researched by the Investment Manager's research team supported by information from credit rating agencies. Risk willalso be reduced through diversification of the portfolio. The Scheme may use derivative instruments such as interest rateswaps (IRS), forward rate agreements (FRA) and any other derivative instruments as may be permitted by RBI / SEBI from timeto time.

HHIF – STP: As per the normal asset allocation of HHIF - STP, investments in debt securities and money market and relatedinstruments with a maturity of more than two years will be in the range of 0-50% of net assets and investments in debtsecurities and money market and related instruments with a maturity of less than two years will be in the range of 0-100%of net assets. HDFC High Interest Fund - Short Term Plan has been designed to provide more stable returns to shorter-terminvestors with lower interest rate risk than HDFC High Interest Fund (the main scheme). Except for this, the investmentstrategy for HHIF-STP would be in line with that of the main Scheme.

Please refer to Scheme Information Document (SID) of the Scheme for complete details.



Plans and Options Plans : NIL Plans : � HHIF-STPOptions: �HHIF-Growth Option � HHIF-Dividend Option: Options : � Growth Option

� Quarterly � Dividend Option (10th & 25th of every month*)

� Half Yearly Dividend Option offers Payout

� Yearly and Reinvestment facility.

Quarterly, Half Yearly and Yearly Dividend Options offers * (or immediately succeeding Business Day if that day isPayout and Reinvestment facility. not a Business Day)

Applicable NAV The NAV applicable for purchase or redemption or switching of units will be based on the time of the Business Day onwhich the application is accepted. Please refer to point 3 on page 20 for further details.

Minimum Application Purchase Additional Purchase RepurchaseAmount / Number ofUnits (Under each Plan S 5,000 and any amount thereafter. S 1,000 and any amount thereafter. S 500 or minimum of 50 units/ Option)

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the Official Points of Acceptance of HDFC Mutual Fund.(Redemption) Request

Benchmark Index HHIF: CRISIL Composite Bond Fund Index HHIF - STP: CRISIL Short Term Bond Fund Index


Name of the Fund Managers Mr. Anil Bamboli (HHIF), Shobhit Mehrotra (HHIF-STP)Mr. Miten Lathia (Dedicated Fund Manager for Overseas Investments) (HHIF & HHIF-STP)

Name of the Trustee HDFC Trustee Company LimitedCompany

Performance of the Scheme HHIF – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 5.70 5.30

Last 3 Years (1096 days) 7.78 5.93

Last 5 Years (1827 days) 6.23 5.52



^ Past performance may or may not be sustainedin the futureAbove returns are compounded annualized (CAGR).* Inception Date April 28, ’97# CRISIL Composite Bond Fund IndexN.A. Not Available

Financial Year

Retu

rns


Performance of the Scheme HHIF–STP Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 5.98 8.20

Last 3 Years (1096 days) 9.33 7.00

Last 5 Years (1827 days) 8.65 6.71


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date February 6, ’02# CRISIL Short Term Bond Fund IndexN.A. Not Available

Expenses of the Scheme Continuous Offer Period

(i) Load Structure Entry Load : Not ApplicablePursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by theScheme to the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registeredDistributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.

Exit Load :HHIF :

� In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-outwithin 3 months from the date of allotment.

� No Exit Load is payable if Units are redeemed / switched-out after 3 months from the date of allotment.

HHIF-STP :In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if units are redeemed / switched-out within1 month from the date of allotment.

Also refer to point 5 on page 20 for details. Please refer SIP/STP enrolment form or contact nearest Investor Service Centres(ISCs) for SIP/STP load structure.

The Trustee reserves the right to change / modify the load structure from a prospective date.

(ii) Recurring Expenses First S 100 crores 2.25

(% of weekly average Next S 300 crores 2.00 Actual expenses for the previous financial year ended

Net Assets) Next S 300 crores 1.75 March 31, 2010 (Audited) : HHIF :2.03% p.a.,

Balance 1.50 HHIF-STP : 0.71% p.a.

Waiver of Load for Direct Not Applicable. Please refer to point 6 on page 20 for details.Applications

Tax treatment for the Investors are advised to refer to the Section on ‘Taxation on investing in Mutual Funds’ in the ‘Statement of AdditionalInvestors (Unit holders) Information’ and to consult their own tax advisors with respect to the specific amount of tax and other implications arising



For Investor Grievances, Please refer to point 7 on page 20 for details.Please contact

Unit holder’s Information Please refer to point 8 on page 20 for details.

HDFC High Interest Fund (HHIF) (An Open-ended Income Scheme) (contd...)

Financial Year

Retu

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4 HDFC Mutual Fund

Name & Type of Scheme HDFC Short Term Plan (HSTP) (An Open-ended Income Scheme)Investment Objective To generate regular income through investment in Debt Securities and Money Market Instruments.

Asset Allocation Types of Instruments Normal Allocation (% of Net Assets)Pattern of the Scheme Debt Securities 60

Money Market Instruments 40

It is the intention of the Scheme that the investments in securitised debts will not, normally, exceed 60% of the Net Assetsof the Scheme.In addition to the securities stated in the table above, the Scheme may enter into repos/reverse repos in the securities that itwill invest in as may be permitted by the RBI.The Scheme may seek investment opportunity in Foreign Debt Securities (max. 50% of net assets) subject to SEBI (MutualFunds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max.50% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.

Investment Strategy The net assets of the Scheme will be invested in Debt Securities and Money Market Instruments. The Scheme may use derivative instruments such asinterest rate swaps (IRS), forward rate agreements (FRA) and any other derivative instruments as may be permitted by RBI / SEBI from time to time.

Please refer to Scheme Information Document (SID) of the Scheme for complete details.Comparison of Existing Schemes For comparison of Existing Schemes, Risk Mitigation Strategy, Asset Under Management (AUM) and Number of Folios,& Risk Mitigation Strategy please refer to point 1 on page 16-18 for details.


Plans and Options Plans : � NilOptions : � Growth Option � Dividend Option (Monthly*)

Dividend Option offers Payout and Reinvestment facility.* 25th of every month (or immediately succeeding Business Day if that day is not a Business Day)


Minimum Application Purchase Additional Purchase RepurchaseAmount / Number of Units(Under each Plan / Option) S 5,000 and any amount thereafter.* S 1,000 and any amount thereafter.* S 500 or minimum of 50 units

* The maximum investment amount (including switch-in) under all options shall be S 10 crore per investor (for all folios) ina calendar quarter

Despatch of Repurchase Within 10 working days of the receipt of the redemption request at the Official Points of Acceptance of HDFC Mutual Fund.(Redemption) RequestBenchmark Index CRISIL Short Term Bond Fund Index


Name of the Fund Manager Mr. Anil BamboliMr. Miten Lathia (Dedicated Fund Manager for Overseas Investments)


Performance of the Scheme HSTP – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#Last 1 Year (365 days) 5.61 8.20Last 3 Years (1096 days) 9.24 7.00Last 5 Years (1827 days) 8.43 6.71Since Inception* (3165 days) 7.35 N.A.

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date February 28, ’02# CRISIL Short Term Bond Fund Index N.A. Not Available

Expenses of the Scheme Continuous Offer Period(i) Load Structure Entry Load : Not Applicable

Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by theScheme to the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registeredDistributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.

Exit Load :� In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-out

within 6 months from the date of allotment.


Also refer to point 5 on page 20 for details. Please refer SIP / STP enrolment form or contact nearest Investor Service Centres(ISCs) for SIP/STP load structure.



Balance 1.50

Waiver of Load for Direct Not Applicable. Please refer to point 6 on page 20 for details.ApplicationsTax treatment for the Investors are advised to refer to the Section on ‘Taxation on investing in Mutual Funds’ in the ‘Statement ofInvestors (Unit holders) Additional Information’ and to consult their own tax advisors with respect to the specific amount of tax and other

implications arising out of their participation in the Scheme.

Daily Net Asset Value (NAV) The NAV will be declared on all Business Days and will be published in 2 newspapers. NAV can also be viewed onPublication www.hdfcfund.com and www.amfiindia.com. Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund.

For Investor Grievances, Please refer to point 7 on page 20 for details.Please contactUnit holder’s Information Please refer to point 8 on page 20 for details.

Financial Year

Retu

rns


Name & Type of Scheme HDFC Short Term Opportunities Fund (HSTOF) (An Open-Ended Income Scheme)Investment Objective To generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities

not exceeding 30 months.


Debt and Money Market Instruments (including securitised debt #) 60 - 100

Government Securities 0 - 40

# Investments in securitised debt, if undertaken, shall not normally exceed 75% of the net assets of the Scheme.

The Scheme may seek investment opportunity in Foreign Debt Securities (max. 75% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. TheScheme may use debt derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets, including cash) based on theopportunities available subject to SEBI (Mutual Funds) Regulations, 1996.

The total gross exposure investment in debt + money market instruments + derivatives (fixed income) shall not exceed 100% of net assets of the Scheme.Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure.

Investment Strategy The investment objective of the Scheme is to generate regular income through investments in Debt/Money Market Instruments andGovernment Securities with maturities not exceeding 30 months. The Scheme seeks to generate income through investments in a rangeof debt and money market instruments of various credit ratings (above investment grade) with a view to maximizing income whilemaintaining an optimum balance of yield, safety and liquidity. The Scheme shall endeavour to develop a well- diversified, high creditportfolio of debt (including Securitised debt) and other securities that minimizes liquidity and credit risk.









Benchmark Index CRISIL Short-Term Bond Fund Index


Name of the Fund Manager Mr. Anil Bamboli.Mr. Miten Lathia (Dedicated Fund Manager for Overseas Investments)


Performance of the Scheme HDFC Short Term Opportunities Fund – Growth Option(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Since Inception* (126 days) 2.16 1.34 HSTOF is a new Scheme launched on June 21, 2010 and

^Past performance may or may not be sustained in the future closed for subscription on June 24, 2010.

Above returns are compounded annualized (CAGR).* Inception Date June 25, ’10# CRISIL Short Term Bond Fund Index


(i) Load Structure Entry Load : Not ApplicablePursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Upfrontcommission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load :� In respect of each purchase/switch-in of units, an Exit load of 0.25% is payable if units are redeemed/ switched out within 1 month from the date of

allotment.� No Exit Load is payable if units are redeemed/ switched-out after 1 month from the date of allotment.

Also refer to point 5 on page 20 for details. Please refer SIP / STP enrolment form or contact nearest Investor Service Centres (ISCs) for SIP/STP loadstructure.


(ii) Recurring Expenses First S 100 crores 2.25(% of weekly average Next S 300 crores 2.00 Actual expenses for the previous financial year endedNet Assets) Next S 300 crores 1.75 March 31, 2010 (Audited) : Not Applicable

Balance 1.50







6 HDFC Mutual Fund

Name & Type of Scheme HDFC Medium Term Opportunities Fund (HMTOF) (An Open-Ended Income Scheme)

Investment Objective To generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturitiesnot exceeding 60 months.


Debt and Money Market Instruments (including securitised debt #) 60 - 100

Government Securities 0 - 40

# Investments in securitised debt, if undertaken, shall not normally exceed 75% of the net assets of the Scheme.

The Scheme may seek investment opportunity in Foreign Debt Securities (max. 75% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. TheScheme may use debt derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets, including cash) based on theopportunities available subject to SEBI (Mutual Funds) Regulations, 1996.

The total gross exposure investment in debt + money market instruments + derivatives (fixed income) shall not exceed 100% of net assets of the Scheme.Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure.

Investment Strategy The investment objective of the Scheme is to generate regular income through investments in Debt/Money Market Instruments andGovernment Securities with maturities not exceeding 60 months. The Scheme seeks to generate income through investments in a rangeof debt and money market instruments of various credit ratings (above investment grade) with a view to maximizing income whilemaintaining an optimum balance of yield, safety and liquidity. The Scheme shall endeavour to develop a well- diversified, high creditportfolio of debt (including Securitised debt) and other securities that minimizes liquidity and credit risk.









Benchmark Index CRISIL Composite Bond Fund Index




Performance of the Scheme HDFC Medium Term Opportunities Fund – Growth Option(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Since Inception* (122 days) 2.25 1.04 HMTOF is a new Scheme launched on June 25, 2010 and

^Past performance may or may not be sustained in the future closed for subscription on June 28, 2010.

Above returns are compounded annualized (CAGR).* Inception Date June 29, ’10# CRISIL Composite Bond Fund Index



Exit Load :� In respect of each purchase/switch-in of units, an Exit load of 0.50%is payable if units are redeemed/switched out within 3 months from the date of

allotment.� No Exit Load is payable if units are redeemed/switched-out after 3 months from the date of allotment.

Also refer to point 5 on page 20 for details. Please refer SIP / STP enrolment form or contact nearest Investor Service Centres (ISCs) for SIP/STP load structure.


(ii) Recurring Expenses First S 100 crores 2.25(% of weekly average Next S 300 crores 2.00 Actual expenses for the previous financial year endedNet Assets) Next S 300 crores 1.75 March 31, 2010 (Audited) : Not Applicable

Balance 1.50








Name & Type of Scheme HDFC Gilt Fund (HGILT) (An Open-ended Gilt Scheme)Investment Objective To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or a

State Government.

Asset Allocation Types of Instruments Short Term Plan Long Term PlanPattern of the Scheme Normal Allocation Normal Allocation

(% of Net Assets) (% of Net Assets)

Government of India Dated Securities 75 75

State Governments Dated Securities 0 15

Government of India Treasury Bills 25 10

In addition to the securities stated in the table above, the respective Plans may enter into repos/reverse repos in thesecurities that it will invest in or as may be permitted by the RBI.

Investment Strategy The Scheme offers investors two separate Plans (i.e. Short Term Plan and Long Term Plan) representing investments madeand held in two separate investment portfolios. The portfolios may differ in the portfolio allocation to a particular asset classand the issue held as well as in the average maturity of each portfolio.

• Short Term Plan : It is proposed to invest the proceeds of the Short Term Plan in sovereign securities issued by the CentralGovernment and/or a State Government with short to medium term residual maturities.

• Long Term Plan : It is proposed to invest the proceeds of the Long Term Plan in sovereign securities issued by the CentralGovernment and/or a State Government with medium to long term maturities.

The Scheme will purchase securities in the public offerings, as well as those traded in the secondary markets. On occasions,if deemed appropriate, the Scheme may also participate in auction of Government Securities.

Being a dedicated Gilt Scheme, Investments will be restricted to Government of India Dated Securities, Treasury Bills andState Government Dated Securities. Yields on these instruments are dynamic and change from time to time. Factors affectingthe yields include the prevalent liquidity conditions, expectations on supply of these instruments from the issuers and theeconomic scenario.




Plans and Options Plans : � Short Term Plan Plans : � Long Term PlanOptions : � Growth Option � Dividend Option Options : � Growth Option � Dividend OptionDividend Option offers Payout and Reinvestment facility. Dividend Option offers Payout and Reinvestment facility.

Applicable NAV The NAV applicable for purchase or redemption or switching of units will be based on the time of the Business Day onwhich the application is accepted. Please refer to point 3 on page 20 for further details.

Minimum Application Purchase Additional Purchase RepurchaseAmount / Number of Units(Under each Plan / Option) S 5,000 and any amount thereafter. S 1,000 and any amount thereafter. S 500 or minimum of 50 units


Benchmark Index Short Term Plan : I-Sec Si-Bex Long Term Plan : I-Sec Li-Bex


Name of the Fund Manager Mr. Anil BamboliMr. Miten Lathia (Dedicated Fund Manager for Overseas Investments)


Performance of the Scheme HGILT - Short Term Plan – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 4.82 5.31

Last 3 Years (1096 days) 4.63 7.92

Last 5 Years (1827 days) 4.70 7.46


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).# I-Sec Si-BexN.A. Not Available*Inception Date July 25, ’01

Financial Year

Retu

rns

8 HDFC Mutual Fund

Performance of the Scheme HGILT - Long Term Plan – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 5.03 5.42

Last 3 Years (1096 days) 5.78 7.91

Last 5 Years (1827 days) 4.89 7.16


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).# I-Sec Li-Bex N.A. Not Available* Inception Date July 25, ’01


(i) Load Structure Entry Load : Not Applicable


Exit Load :

Short Term Plan Long Term Plan

Nil � In respect of each purchase / switch - in of units, an exit load of 0.25% is payable if units areredeemed / switched out within 3 months from the date of allotment.

� No exit load is payable if units are redeemed / switched - out after 3 months from the date ofallotment.



(ii) Recurring Expenses First S 100 crores 2.25 Actual expenses for the previous financial(% of weekly average Next S 300 crores 2.00 year ended March 31, 2010 (Audited) :Net Assets) Next S 300 crores 1.75 Short Term Plan : 0.65% p.a.,

Balance 1.50 Long Term Plan : 0.65% p.a.


Tax treatment for the Investors are advised to refer to the Section on ‘Taxation on investing in Mutual Funds’ in the ‘Statement of AdditionalInvestors (Unit holders) Information’ and to consult their own tax advisors with respect to the specific amount of tax and other





Financial Year

Retu

rns

HDFC Gilt Fund (HGILT) (An Open-ended Gilt Scheme) (contd...)


Name & Type of Scheme HDFC Floating Rate Income Fund (HFRIF) (An Open-ended Income Scheme)

Investment Objective To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money marketinstruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debtsecurities and money market instruments.


Fixed Rate Debt Securities (including securitised debt, Money Market Instruments & 0 - 25Floating Rate Debt Instruments swapped for fixed rate returns)

Floating Rate Debt Securities (including securitised debt, Money Market Instruments 75 - 100& Fixed Rate Debt Instruments swapped for floating rate returns)

The investment in securitised debt will not exceed 60% of the net assets of the respective Plans under the Scheme. Therespective Plans under the Scheme may seek investment opportunity in Foreign Debt Securities (max. 60% of net assetsof respective Plans) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purposeof hedging and portfolio balancing (max. 75% of net assets of respective Plans) based on the opportunities available subjectto SEBI (Mutual Funds) Regulations, 1996.

Investment Strategy The net assets of the Scheme will be invested in a portfolio comprising substantially of floating rate debt / money marketinstruments, fixed rate debt instruments swapped for floating rate returns, and fixed rate debt instruments and moneymarket instruments.

The primary objective of this Scheme is to substantially minimise the interest rate risk for the investors. The fixed incomederivative market has made considerable progress and has evolved into an excellent tool for risk management. The Schememay use derivative instruments such as interest rate swaps (IRS), forward rate agreements (FRA) and any other derivativeinstruments as may be permitted by RBI / SEBI from time to time. The Scheme will invest directly in floating rate debtinstruments or will swap the returns from fixed rate instruments into floating rate returns or vice versa by the use ofderivatives.

The portfolio of the Short Term Plan will normally be skewed towards short term maturities with higher liquidity and theportfolio of the Long Term Plan will be normally skewed towards longer term maturities.




Plans and Options Plans :� Short Term Plan – Wholesale Option Plans : � Long Term Plan& Retail Option

Options :� Growth Option � Dividend Option Options : � Growth Option � Dividend Option(Weekly*)

Dividend Option offers Reinvestment facility only.

Dividend Option offers Daily Dividend Option with * Every Monday (or immediately succeeding Business Day ifReinvestment facility only and Weekly and Monthly that day is not a Business Day)Dividend Option with Payout and Reinvestment facility.


Minimum Application Short Term Plan Purchase Additional Purchase RepurchaseAmount / Number ofUnits (Under each Plan / Retail Option

Option) Growth Option, Weekly Dividend S 5,000 and S 1,000 and any S 1,000 or minimum ofOption and Monthly Dividend Option any amount amount thereafter. 100 units

thereafter.

Daily Dividend Option S 1,00,000 S 1,00,000 S 50,000 or minimum ofand any amount and any amount 5,000 units

thereafter. thereafter.

Wholesale Option (Under each Option) S 10 Lakhs S 1 and any S 50,000 or minimum ofand any amount amount thereafter. 5,000 units

thereafter.

Long Term Plan (Under each Option) S 5,000 and S 1,000 and S 500 or minimum ofany amount any amount thereafter. 50 unitsthereafter.


Benchmark Index CRISIL Liquid Fund Index




10 HDFC Mutual Fund

Performance of the Scheme HFRIF – Short Term Plan – Retail Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Growth Option

Returns Benchmark(%)^ Returns (%)#

Last 1 year (365 days) 4.88 4.33

Last 3 years (1096 days) 6.71 6.07

Last 5 years (1827 days) 6.91 6.28

Since Inception*(2843 days) 6.24 5.60

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date January 16, ’03# CRISIL Liquid Fund Index

HFRIF – Short Term Plan – Wholesale Option - Absolute Returns for each Financial Year for last 2 years^Growth Option


Last 1 year (365 days) 5.28 4.33

Last 3 years (1096 days) 7.05 6.07


^ Past performance may or may not be sustained in the future

Above returns are compounded annualized (CAGR).* Inception Date October 23, ’07# CRISIL Liquid Fund Index

HFRIF - Long Term Plan – Growth Option Absolute Returns for each Financial Year for last 5 years^


Last 1 Year (365 days) 5.20 4.33

Last 3 Years (1096 days) 7.97 6.07

Last 5 Years (1827 days) 7.41 6.28

Since Inception* (2843 days) 6.45 5.60

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date January 16, ’03# CRISIL Liquid Fund Index



Exit Load :Short Term Plan Long Term Plan Nil � In respect of each purchase / switch-in of Units, an Exit Load of 3.00% is payable if Units are redeemed / switched-out

within 18 months from the date of allotment.


Also refer to point 5 on page 20 for details. Please refer SIP / STP enrolment form or contact nearest Investor Service Centres (ISCs) for SIP/STP loadstructure.


(ii) Recurring Expenses First S 100 crores 2.25(% of weekly average Next S 300 crores 2.00 Actual expenses for the previous financial year endedNet Assets) Next S 300 crores 1.75 March 31, 2010 (Audited) : Short Term Plan : 0.60% p.a.,

Balance 1.50 Long Term Plan : 0.25% p.a.




Daily Net Asset Value (NAV) The NAV will be declared on all Business Days and will be published in 2 newspapers. NAV can also be viewed onPublication www.hdfcfund.com and www.amfiindia.com. Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund.



HDFC Floating Rate Income Fund (HFRIF) (An Open-ended Income Scheme) (contd...)

Financial Year

Retu

rns

Financial Year

Retu

rns

Financial Year

Retu

rns


Name & Type of Scheme HDFC Liquid Fund (HLF) (An Open-ended Liquid Income Scheme)

Investment Objective To enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money marketand debt instruments.

Asset Allocation Types of Instruments Normal Allocation*Pattern of the Scheme (% of Net Assets)

Money Market Instruments (including cash / call money) 50 - 90

Debt Instruments (including securitised debt) 10 - 50

The Scheme may seek investment opportunity in Foreign Debt Securities (max. 50% of net assets) subject toSEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfoliobalancing (max. 20% of net assets) based on the opportunities available subject to SEBI (Mutual Funds)Regulations, 1996.

* On introduction of cheque writing facility a minimum of 80% of the net assets (as prescribed by RBI) or suchother minimum asset allocation as may be prescribed by RBI from time to time will be invested in money marketinstruments.

Investment Strategy The net assets of the Scheme will be invested in debt securities and money market instruments with maturity of upto 91days only. In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater than 91days. Consistent with the investment objectives of the Scheme, the AMC aims to identify securities which offer superiorreturns at lower level of risk while maintaining the liquidity profile. The Scheme may use derivative instruments such asinterest rate swaps (IRS), forward rate agreements (FRA) and any other derivative instruments as may be permitted by RBI /SEBI from time to time.




Plans and Options Plans : � Nil � HLF – Premium Plan � HLF – Premium Plus Plan

Options : � Growth Option � Dividend Option � Each Plan offers Growth and Dividend Option.Dividend Option offers Daily Dividend Option Dividend Option under HLF – Premium Planwith Reinvestment facility only and Weekly offers Daily Dividend Option with Reinvestment facilityDividend Option and Monthly Dividend only and Weekly Dividend Option with Payout andOption with Payout and Reinvestment facility Reinvestment facility

Dividend Option under HLF-Premium Plus Plan offer WeeklyDividend Option with Payout and Reinvestment facility

Applicable NAV a) Purchases and Switch-ins :

i. In respect of valid application received upto 12.00 noon on a day at the Official Points of Acceptance and funds areavailable for utilization on the same day, the closing NAV of the day immediately preceding the day of receipt ofapplication shall be applicable;

ii. In respect of valid application received after 12.00 noon on a day at the Official Points of Acceptance and funds areavailable for utilization on the same day, the closing NAV of the day immediately preceding the next business dayshall be applicable; and

iii. Irrespective of the time of receipt of application at the Official Points of Acceptance, where the funds are notavailable for utilization on the day of the application, the closing NAV of the day immediately preceding the day onwhich the funds are available for utilization shall be applicable.

b) Redemptions and Switch-outs :i. In respect of valid applications received upto 3.00 p.m. at the Official Points of Acceptance, the closing NAV of the

day immediately preceding the next business day shall be applicable; and

ii. In respect of valid applications received after 3.00 p.m. at the Official Points of Acceptance, the closing NAV of thenext business day shall be applicable.

Minimum Application Purchase Additional Purchase RepurchaseAmount / Number of HLF - Growth Option S 10,000 and any S 10,000 and any S 5,000 or minimumUnits (Under each Plan / amount thereafter. amount thereafter. of 500 Units

Option) HLF - Dividend Option S 1,00,000 and any S 1,00,000 and any S 50,000 or minimumamount thereafter. amount thereafter. of 5,000 Units

HLF - Premium Plan S 5,00,00,000 and any S 1 and any amount S 5,000 or minimum- Growth Option amount thereafter. thereafter. of 500 Units

HLF - Premium Plan S 5,00,00,000 and any S 1 and any amount S 50,000 or minimum- Dividend Option amount thereafter. thereafter. of 5,000 Units

HLF - Premium Plus Plan S 20,00,00,000 and any S 1 and any amount S 5,000 or minimum- Growth Option amount thereafter. thereafter. of 500 Units

HLF - Premium Plus Plan S 20,00,00,000 and any S 1 and any amount S 50,000 or minimum- Dividend Option amount thereafter. thereafter. of 5,000 Units






12 HDFC Mutual Fund

Performance of the Scheme HLF – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 4.67 4.33

Last 3 Years (1096 days) 6.51 6.07

Last 5 Years (1827 days) 6.72 6.28

Last 10 Years (3654 days) 6.48 N.A.Since Inception*(3664 days) 6.48 N.A.

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date October 17, ’00# CRISIL Liquid Fund IndexN.A. Not Available

HLF – Premium Plan - Growth Option Absolute Returns for each Financial Year for last 5 years^


Last 1 Year (365 days) 4.94 4.33

Last 3 Years (1096 days) 6.73 6.07

Last 5 Years (1827 days) 6.91 6.28


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date February 24, ’03# CRISIL Liquid Fund IndexFace Value per Unit : S 11.9684

HLF – Premium Plus Plan - Growth Option Absolute Returns for each Financial Year for last 5 years^


Last 1 Year (365 days) 4.94 4.33

Last 3 Years (1096 days) 6.73 6.07

Last 5 Years (1827 days) 6.91 6.28


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date February 24, ’03# CRISIL Liquid Fund IndexFace Value per Unit : S 11.9684


(i) Load Structure Entry Load : Not Applicable


Exit Load : Nil




Balance 1.50







HDFC Liquid Fund (HLF) (An Open-ended Liquid Income Scheme) (contd...)

Financial Year

Retu

rns

Financial Year

Retu

rns

Financial Year

Retu

rns


Name & Type of Scheme HDFC Cash Management Fund (HCMF)-Savings Plan & Call Plan (An Open-ended High Liquidity Income Scheme)

HDFC Cash Management Fund (HCMF)-Treasury Advantage Plan (An Open-ended Income Scheme)

Investment Objective Savings & Call Plan : To generate optimal returns while maintaining safety and high liquidity.

Treasury Advantage Plan : To generate regular income through investment in debt securities and money market instruments.

Asset Allocation Type of Instruments Normal AllocationPattern of the Scheme (% of Net Assets)

Savings Plan

Debt instruments (Including Securitised Debt**) Upto 100

Money Market Instruments Upto 100

**Investment in Securitised debt, if undertaken, can be undertakenupto 100% of the net assets of the Scheme.

Call Plan

Debt and Money Market instruments (including MIBORlinked instruments with daily put and call option) Upto 100

Treasury Advantage Plan

Fixed Rate Debt Securities & Money Market Instruments 50

Floating Rate Debt & Money Market Instruments 50

It is the intention of the Scheme that the investments in securitised debts will not normally exceed 50% of the net assets ofthe Scheme.

The respective Plan(s) under Scheme may seek investment opportunity in overseas markets in Foreign Debt Securities andMutual Funds (max. 20% of net assets / 25% of net assets in case of Treasury Advantage Plan) subject to SEBI (MutualFunds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max.25% of net assets / 50% of net assets in case of Treasury Advantage Plan) based on the opportunities available subject toSEBI (Mutual Funds) Regulations, 1996.

Investment Strategy Savings Plan: The Savings Plan is suitable for investors’ especially institutional investors who have short-term savings/investment horizon and seek liquidity of their investment at short notice.

The net assets of the Savings Plan will be invested in debt securities and money market instruments with maturity of upto 91days only. In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater than 91days. The Plan may use derivative instruments such as interest rate swaps (IRS), forward rate agreements (FRA) and any otherderivative instruments as may be permitted by RBI / SEBI from time to time.

Call Plan: The net assets of the Call Plan will be invested in debt securities and money market instruments with maturity ofupto 91 days only. In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greaterthan 91 days. Investments under the Call Plan would be made predominantly in Collateralised Borrowing & Lending Obligations(CBLO), overnight reverse repos in Government securities and fixed income securities with overnight maturity/ liquidity. ThePlan may use derivative instruments such as interest rate swaps (IRS), forward rate agreements (FRA) and any other derivativeinstruments as may be permitted by RBI / SEBI from time to time.

Treasury Advantage Plan: The net assets of the Treasury Advantage Plan will be invested in debt securities and moneymarket instruments. This Scheme is suitable for investors having a short-term investment horizon and seek high levels ofliquidity for their investments. This Scheme would endeavour to generate regular returns commensurate with low levels ofinterest rate risk. The Scheme may use derivative instruments such as interest rate swaps (IRS), forward rate agreements(FRA) and any other derivative instruments as may be permitted by RBI / SEBI from time to time.




Plans and Options Plans : � Savings Plan � Call Plan � Treasury Advantage Plan– Retail Option & Wholesale Option

Options : � Growth Option � Growth Option � Growth Option� Dividend Option � Daily Dividend Option � Dividend Option

Dividend Option offers The Dividend Option Dividend Option offers Daily DividendDaily Dividend Option with offers Reinvestment Option with reinvestment facility only andreinvestment facility only and facility only Weekly and Monthly Dividend OptionWeekly Dividend Option with with payout and reinvestment facility.Payout and Reinvestment facility.

Applicable NAV Savings Plan & Call Plan :a) Purchases and Switch-ins :

i. In respect of valid application received upto 12.00 noon on a day at the Official Points of Acceptance and funds areavailable for utilization on the same day, the closing NAV of the day immediately preceding the day of receipt ofapplication shall be applicable;

ii. In respect of valid application received after 12.00 noon on a day at the Official Points of Acceptance and funds areavailable for utilization on the same day, the closing NAV of the day immediately preceding the next business dayshall be applicable; and

iii. Irrespective of the time of receipt of application at the Official Points of Acceptance, where the funds are notavailable for utilization on the day of the application, the closing NAV of the day immediately preceding the day onwhich the funds are available for utilization shall be applicable.

b) Redemptions and Switch-outs :i. In respect of valid applications received upto 3.00 p.m. at the Official Points of Acceptance, the closing NAV of the

day immediately preceding the next business day shall be applicable; and

ii. In respect of valid applications received after 3.00 p.m. at the Official Points of Acceptance, the closing NAV of thenext business day shall be applicable.

Treasury Advantage Plan :The NAV applicable for purchase or redemption or switching of units will be based on the time of the Business Day on whichthe application is accepted. Please refer to point 3 on page 18 for further details.

14 HDFC Mutual Fund

HDFC Cash Management Fund (HCMF)-Savings Plan & Call Plan (An Open-ended High Liquidity Income Scheme)

HDFC Cash Management Fund (HCMF)-Treasury Advantage Plan (An Open-ended Income Scheme) (Contd...)

Minimum Application Savings Plan Purchase Additional Purchase Repurchase

Amount / Number of Units S 10,000 and S 10,000 and S 5,000 or minimum(Under each Plan / Option) Growth Option any amount thereafter. any amount thereafter. 500 units

Dividend Option S 1,00,000 and S 1,00,000 and any S 50,000 or minimum ofany amount thereafter. amount thereafter. 5,000 units

Call PlanGrowth & S 1,00,000 and S 1,00,000 and any S 50,000 or minimumDividend Option any amount thereafter. amount thereafter. of 5,000 units

Treasury Advantage Plan S 5,000 and S 1,000 and any amount S 1,000 or minimum- Retail Option any amount thereafter. of 100 unitsGrowth, Weekly and thereafter.Monthly Dividend Option

Daily Dividend Option S 1,00,000 and S 1,00,000 and any amount S 50,000 or minimumany amount thereafter. thereafter. of 5,000 units

Treasury Advantage Plan S 1 Crore and S 1 and any amount S 50,000 or minimum- Wholesale Option any amount thereafter. of 5,000 units(Under each Option) thereafter.




Name of the Fund Manager Mr. Anil Bamboli: Treasury Advantage Plan. Mr. Bharat Pareek: Savings Plan & Call PlanMr. Miten Lathia (Dedicated Fund Manager for Overseas Investments) : Savings Plan, Treasury Advantage Plan & Call Plan


Performance of the Scheme HCMF – Savings Plan – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^@ Returns (%)#

Last 1 Year (365 days) 4.95 4.33

Last 3 Years (1096 days) 6.69 6.07

Last 5 Years (1827 days) 6.89 6.28


Since Inception* (3998 days) 6.49 N.A.

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date November 18, ’99# CRISIL Liquid Fund Index N.A. Not Available@ All dividends declared prior to the splitting of the Scheme intoDividend & Growth Options are assumed to be reinvested in the unitsof the Scheme at the then prevailing NAV (ex-dividend NAV).

HCMF - Treasury Advantage Plan Absolute Returns for each Financial Year for last 5 years^Retail Option - Growth Option


Last 1 Year (365 days) 4.99 4.33

Last 3 Years (1096 days) 6.60 6.07

Last 5 Years (1827 days) 6.81 6.28


Since Inception* (3998 days) 6.82 N.A.

^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date November 18, ’99# CRISIL Liquid Fund IndexN.A. Not Available

HCMF - Treasury Advantage Plan Absolute Returns for each Financial Year for last 2 years^Wholesale Option - Growth Option


Last 1 Year (365 days) 5.24 4.33

Last 3 Years (1096 days) 6.97 6.07


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).

* Inception Date April 23, ’07# CRISIL Liquid Fund IndexN.A. Not Available

Financial Year

Retu

rns

Financial Year

Retu

rns

Financial Year

Retu

rns


Performance of the Scheme HCMF - Call Plan – Growth Option Absolute Returns for each Financial Year for last 5 years^(as at October 29, 2010) Returns Benchmark

(%)^ Returns (%)#

Last 1 Year (365 days) 4.21 4.33

Last 3 Years (1096 days) 5.29 6.07

Last 5 Years (1827 days) 5.87 6.28


^ Past performance may or may not be sustained in the futureAbove returns are compounded annualized (CAGR).* Inception Date February 6, ’02# CRISIL Liquid Fund IndexN.A. Not Available


(i) Load Structure Savings Plan, Treasury Advantage Plan and Call Plan :Entry Load : Not ApplicablePursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by theScheme to the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registeredDistributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.

Exit Load: Savings Plan, Treasury Advantage Plan & Call Plan : Nil



(ii) Recurring Expenses First S 100 crores 2.25 Actual expenses for the previous financial year ended(% of weekly average Next S 300 crores 2.00 March 31, 2010 (Audited) : Savings Plan : 0.83% p.a.,Net Assets) Next S 300 crores 1.75 Call Plan : 0.28% p.a.

Balance 1.50 Treasury Advantage Plan : 0.59% p.a.


Tax treatment for the Investors are advised to refer to the Section on ‘Taxation on investing in Mutual Funds’ in the ‘Statement ofInvestors (Unit holders) Additional Information’ and to consult their own tax advisors with respect to the specific amount of tax and other





Retu

rns

Financial Year

HDFC Cash Management Fund (HCMF)-Savings Plan & Call Plan (An Open-ended High Liquidity Income Scheme)

HDFC Cash Management Fund (HCMF)-Treasury Advantage Plan (An Open-ended Income Scheme) (Contd...)

16 HDFC Mutual Fund

Information Common to Schemes (as applicable)1)

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and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curit

ies

wou

ld b

e un

dert

aken

aft

eras

sess

ing

the

asso

ciat

ed c

redi

t ri

sk,

inte

rest

rat

e ris

k an

d liq

uidi

ty r

isk.

•Th

e Sc

hem

e s

eeks

to

man

age

the

dura

tion

of d

ebt

asse

ts o

n a

proa

ctiv

eba

sis t

o m

anag

e in

tere

st r

ate

risks

and

to o

ptim

ise r

etur

ns.

•A

cre

dit

eva

luat

ion

of

each

deb

tex

posu

re w

ould

be

unde

rtak

en.

This

wou

ld a

lso

cons

ider

the

cre

dit

ratin

gsgi

ven

to t

he i

nstr

umen

t by

rec

ogni

sed

HD

FC H

igh

Inte

rest

Fu

nd

Ope

n-en

ded

Inco

me

Sche

me

To g

ener

ate

inco

me

by in

vest

ing

in a

rang

eof

deb

t an

d m

oney

mar

ket

inst

rum

ents

of

vari

ous

mat

urit

y da

tes

wit

h a

view

to

max

imis

e in

com

e w

hile

mai

ntai

ning

the

opti

mum

bal

ance

of

yiel

d, s

afet

y an

dliq

uidi

ty.

HHIF

: The

net

ass

ets

of t

he S

chem

e w

ill b

ein

vest

ed in

deb

t sec

uriti

es a

nd m

oney

mar

ket

inst

rum

ents

. Th

e In

vest

men

t st

rate

gy o

fre

stri

ctin

g th

e po

rtfo

lio l

arge

ly t

o de

btse

curi

ties

, m

oney

mar

ket

and

rela

ted

inst

rum

ents

is in

tend

ed t

o re

duce

risk

whi

lem

aint

aini

ng s

tead

y in

com

e. C

redi

t risk

will

be

min

imis

ed b

y in

vest

ing

only

in

thos

eco

mpa

nies

/indu

stri

es

that

ha

ve

been

rese

arch

ed b

y th

e In

vest

men

t M

anag

er's

rese

arch

team

supp

orte

d by

info

rmat

ion

from

cred

it ra

ting

agen

cies.

Risk

will

also

be

redu

ced

thro

ugh

dive

rsifi

catio

n of

the

por

tfol

io.

The

Sche

me

may

use

der

ivat

ive

inst

rum

ents

suc

has

int

eres

t ra

te s

wap

s (IR

S),

forw

ard

rate

agre

emen

ts (

FRA

) an

d an

y ot

her

deriv

ativ

ein

stru

men

ts a

s may

be

perm

itted

by

RBI /

SEB

Ifro

m ti

me

to ti

me.

HHIF

– STP

: As p

er th

e no

rmal

ass

et a

lloca

tion

of H

HIF

- S

TP,

inve

stm

ents

in d

ebt

secu

ritie

san

d m

oney

mar

ket

and

rela

ted

inst

rum

ents

with

a m

atur

ity o

f mor

e th

an tw

o ye

ars w

ill b

ein

the

ran

ge o

f 0-

50%

of

net

asse

ts a

ndin

vest

men

ts i

n de

bt s

ecur

ities

and

mon

eym

arke

t and

rela

ted

inst

rum

ents

with

a m

atur

ityof

less

than

two

year

s will

be

in th

e ra

nge

of 0

-10

0% o

f net

ass

ets.

HD

FC H

igh

Inte

rest

Fun

d- S

hort

Term

Pla

n ha

s bee

n de

signe

d to

pro

vide

mor

e st

able

ret

urns

to

shor

ter-t

erm

inve

stor

sw

ith lo

wer

inte

rest

rat

e ris

k th

an H

DFC

Hig

hIn

tere

st F

und

(the

mai

n sc

hem

e).

Exce

pt f

orth

is,

the

inve

stm

ent

stra

tegy

for

HH

IF-S

TPw

ould

be

in lin

e w

ith th

at o

f the

mai

n Sc

hem

e.

•Ex

posu

re t

o de

bt s

ecur

ities

, ot

her

than

Sove

reig

n

exp

osu

res,

w

ou

ld

be

dive

rsif

ied,

com

pris

ing

a nu

mbe

r of

issu

ers

acro

ss

the

fin

anci

al

and

man

ufac

turin

g /

serv

ices

sec

tors

. Th

issh

all a

id in

man

agin

g co

ncen

trat

ion

risk

and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curit

ies

wou

ld b

e un

dert

aken

aft

eras

sess

ing

the

asso

ciat

ed c

redi

t ri

sk,

inte

rest

rat

e ris

k an

d liq

uidi

ty r

isk.

•Th

e Sc

hem

e s

eeks

to

man

age

the

dura

tion

of d

ebt

asse

ts o

n a

proa

ctiv

eba

sis t

o m

anag

e in

tere

st r

ate

risks

and

to o

ptim

ise r

etur

ns.

•A

cre

dit

eva

luat

ion

of

each

deb

tex

posu

re w

ould

be

unde

rtak

en.

This

wou

ld a

lso

cons

ider

the

cre

dit

ratin

gsgi

ven

to t

he i

nstr

umen

t by

rec

ogni

sed

HD

FC S

ho

rt T

erm

Op

po

rtu

nit

ies

Fun

dO

pen-

Ende

d In

com

e Sc

hem

e

To g

ener

ate

regu

lar

inco

me

thro

ugh

inve

stm

ents

in

Deb

t/M

on

ey M

arke

tIn

stru

men

ts a

nd G

over

nmen

t Se

curit

ies

with

mat

uriti

es n

ot e

xcee

ding

30

mon

ths.

The

inve

stm

ent o

bjec

tive

of th

e Sc

hem

e is

toge

nera

te re

gula

r inc

ome

thro

ugh

inve

stm

ents

in D

ebt/

Mon

ey M

arke

t In

stru

men

ts a

ndG

over

nmen

t Se

curit

ies

with

mat

uriti

es n

otex

ceed

ing

30 m

onth

s. T

he S

chem

e se

eks

toge

nera

te in

com

e th

roug

h in

vest

men

ts in

ara

nge

of d

ebt a

nd m

oney

mar

ket i

nstr

umen

tsof

var

ious

cre

dit

ratin

gs (

abov

e in

vest

men

tgr

ade)

with

a v

iew

to

max

imiz

ing

inco

me

whi

le m

aint

aini

ng a

n op

timum

bal

ance

of

yiel

d, s

afet

y an

d liq

uidi

ty.

The

Sche

me

shal

len

deav

our t

o de

velo

p a

wel

l- di

vers

ified

, hig

hcr

edit

port

folio

of d

ebt (

incl

udin

g Se

curit

ised

debt

) an

d ot

her

secu

ritie

s th

at m

inim

izes

liqui

dity

and

cre

dit r

isk.

•Ex

posu

re to

deb

t sec

uritie

s, ot

her t

han

Sove

reign

expo

sure

s, w

ould

be

dive

rsifie

d, c

ompr

ising

anu

mbe

r of

iss

uers

acr

oss

the

finan

cial

and

man

ufac

turin

g / s

ervic

es se

ctors.

This

shall

aid

inm

anag

ing co

ncen

tratio

n risk

and s

ecto

r-spe

cific

risks

.•

Inves

tmen

ts in

debt

/ mon

ey m

arket

secu

rities

wou

ldbe

und

ertak

en a

fter a

ssessi

ng th

e as

socia

ted cr

edit

risk,

intere

st rat

e ris

k an

d liq

uidity

risk

.•

As th

e Sch

eme h

as a

cap o

n matu

rity o

f a se

curit

y, it

shall

anc

hor i

nves

tors

with

a s

imila

r inv

estm

ent

horiz

on. H

owev

er to

miti

gate

liqu

idity

risk

, the

Sche

me

shall

inve

st in

mark

etable

secu

rities

, whic

hsh

all b

e us

ed to

mee

t red

empt

ion. O

n ex

pecta

tion

of re

dem

ption

in fu

ture,

the

Sche

me

may

suita

blyinc

rease

cash

/ m

oney

mark

et co

mpo

nent

.•

Fixed

Inco

me s

chem

es/po

rtfoli

os ha

ving p

redom

inant

or h

igher

prop

ortio

n in

secu

rities

with

matu

rities

of

more

than

30 m

onth

s buc

ket a

re lik

ely to

have

mor

evo

latilit

y. Th

is Sc

hem

e m

ay h

ave

relat

ively

lower

volat

ility s

ince

intere

st rat

e ris

k ha

s bee

n ca

pped

by

limitin

g th

e m

atur

ity o

f the

secu

rities

to a

per

iodno

t exc

eedin

g 30

mon

ths.

HD

FC M

ediu

m T

erm

Op

po

rtu

nit

ies

Fun

dO

pen-

Ende

d In

com

e Sc

hem

e

To g

ener

ate

reg

ula

r in

com

e th

rou

gh

inve

stm

ents

in

D

ebt/

Mo

ney

M

arke

tIn

stru

men

ts a

nd G

over

nmen

t Se

curit

ies

with

mat

uriti

es n

ot e

xcee

ding

60

mon

ths.

The

inve

stm

ent o

bjec

tive

of th

e Sc

hem

e is

toge

nera

te re

gula

r inc

ome

thro

ugh

inve

stm

ents

in D

ebt/

Mon

ey M

arke

t In

stru

men

ts a

ndG

over

nmen

t Se

curit

ies

with

mat

uriti

es n

otex

ceed

ing

60 m

onth

s. T

he S

chem

e se

eks

toge

nera

te i

ncom

e th

roug

h in

vest

men

ts i

n a

rang

e of

deb

t and

mon

ey m

arke

t ins

trum

ents

of v

ario

us c

redi

t ra

tings

(ab

ove

inve

stm

ent

grad

e) w

ith a

view

to m

axim

izing

inco

me

whi

lem

aint

aini

ng a

n op

timum

bal

ance

of

yiel

d,sa

fety

and

liq

uidi

ty.

The

Sche

me

shal

len

deav

our t

o de

velo

p a

wel

l- di

vers

ified

, hig

hcr

edit

port

folio

of

debt

(inc

ludi

ng S

ecur

itise

dde

bt)

and

othe

r se

curit

ies

that

min

imiz

esliq

uidi

ty a

nd c

redi

t risk

.

•Ex

posu

re to

deb

t sec

uritie

s, ot

her t

han

Sov

ereign

expo

sure

s, w

ould

be

dive

rsifie

d, c

ompr

ising

anu

mbe

r of

iss

uers

acr

oss

the

finan

cial

and

man

ufac

turin

g / s

ervic

es se

ctors.

This

shall

aid

inm

anag

ing co

ncen

tratio

n risk

and s

ecto

r-spe

cific

risks

.•

Inves

tmen

ts in

debt

/ mon

ey m

arket

secu

rities

wou

ldbe

und

ertak

en a

fter a

ssessi

ng th

e as

socia

ted cr

edit

risk,

intere

st rat

e ris

k an

d liq

uidity

risk

.•

As th

e Sch

eme h

as a

cap o

n matu

rity o

f a se

curit

y, it

shall

anc

hor

inves

tors

with

a s

imila

r inv

estm

ent

horiz

on. H

owev

er to

miti

gate

liqu

idity

risk

, the

Sche

me

shall

inve

st in

mark

etable

secu

rities

, whic

hsh

all b

e us

ed to

mee

t red

empt

ion. O

n ex

pecta

tion

of re

dem

ption

in fu

ture,

the

Sche

me

may

suita

blyinc

rease

cash

/ m

oney

mark

et co

mpo

nent

.•

Fixed

Inco

me s

chem

es/po

rtfoli

os ha

ving p

redom

inant

or h

igher

prop

ortio

n in

secu

rities

with

matu

rities

of

more

than

60 m

onth

s buc

ket a

re lik

ely to

have

mor

evo

latilit

y. Th

is Sc

hem

e m

ay h

ave

relat

ively

lower

volat

ility s

ince

intere

st rat

e ris

k ha

s bee

n ca

pped

by

limitin

g th

e m

atur

ity o

f the

secu

rities

to a

per

iodno

t exc

eedin

g 60

mon

ths.

HD

FC F

loat

ing

Rat

eIn

com

e Fu

nd

Ope

n-en

ded

Inco

me

Sche

me

To g

ener

ate

reg

ula

r in

com

e th

rou

gh

inve

stm

ent

in a

po

rtfo

lio c

om

pri

sin

gsu

bsta

ntia

lly o

f flo

atin

g ra

te d

ebt

/ mon

eym

arke

t ins

trum

ents

, fix

ed ra

te d

ebt /

mon

eym

arke

t in

stru

men

ts s

wap

ped

for

float

ing

rate

ret

urns

and

fix

ed r

ate

debt

sec

uriti

esan

d m

oney

mar

ket

inst

rum

ents

.

The

net

asse

ts o

f th

e Sc

hem

e w

ill b

ein

vest

ed

in

a p

ort

folio

co

mp

risi

ng

subs

tant

ially

of

float

ing

rate

deb

t /

mon

eym

arke

t in

stru

men

ts,

fixe

d r

ate

deb

tin

stru

men

ts s

wap

ped

for

floa

ting

rat

ere

turn

s, a

nd fi

xed

rate

deb

t ins

trum

ents

and

mon

ey m

arke

t in

stru

men

ts.

The

prim

ary

obje

ctiv

e of

thi

s Sc

hem

e is

tosu

bsta

ntia

lly m

inim

ise t

he in

tere

st r

ate

risk

for

the

inve

sto

rs.

The

fixe

d i

nco

me

deriv

ativ

e m

arke

t ha

s m

ade

cons

ider

able

prog

ress

and

has

evo

lved

into

an

exce

llent

tool

for r

isk m

anag

emen

t. Th

e Sc

hem

e m

ayus

e de

rivat

ive

inst

rum

ents

suc

h as

inte

rest

rate

sw

aps

(IRS)

, fo

rwar

d ra

te a

gree

men

ts(F

RA) a

nd a

ny o

ther

der

ivat

ive

inst

rum

ents

as m

ay b

e pe

rmitt

ed b

y RB

I / S

EBI f

rom

tim

eto

tim

e. T

he S

chem

e w

ill in

vest

dire

ctly

inflo

atin

g ra

te d

ebt

inst

rum

ents

or

will

sw

apth

e re

turn

s fr

om fi

xed

rate

inst

rum

ents

into

float

ing

rate

retu

rns o

r vic

e ve

rsa

by th

e us

eof

der

ivat

ives

.Th

e po

rtfo

lio o

f th

e Sh

ort

Term

Pla

n w

illno

rmal

ly b

e sk

ewed

tow

ards

sho

rt t

erm

mat

uriti

es w

ith h

ighe

r liq

uidi

ty a

nd t

hepo

rtfo

lio o

f th

e Lo

ng T

erm

Pla

n w

ill b

eno

rmal

ly s

kew

ed t

owar

ds l

onge

r te

rmm

atur

ities

.

•Ex

posu

re t

o de

bt s

ecur

ities

, oth

er t

han

Sove

reig

n

exp

osu

res,

w

ou

ld

be

dive

rsifi

ed,

com

pris

ing

a nu

mbe

r of

issu

ers

acro

ss

the

fin

anci

al

and

man

ufac

turin

g /

serv

ices

sec

tors

. Th

issh

all a

id in

man

agin

g co

ncen

trat

ion

risk

and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curit

ies

wou

ld b

e un

dert

aken

aft

eras

sess

ing

the

asso

ciat

ed c

redi

t risk

and

liqui

dity

ris

k as

wel

l as

ass

essi

ng t

hein

tere

st r

ate

outlo

ok.

•Th

e Sc

hem

e se

eks

to m

anag

e th

edu

ratio

n of

deb

t as

sets

on

a pr

oact

ive

basis

to

man

age

inte

rest

rat

e ris

ks a

ndto

opt

imise

ret

urns

.•

A c

red

it e

valu

atio

n o

f ea

ch d

ebt

expo

sure

wou

ld b

e un

dert

aken

. Th

isw

ould

also

con

sider

the

cre

dit

ratin

gs


Information Common to Schemes (as applicable) (contd...)1)

Co

mp

aris

on

of

Exis

tin

g D

ebt

Sch

emes

(co

ntd.

..)Na

me

of th

eSc

hem

eH

DFC

Inco

me

Fun

d

Asse

t Und

erM

anag

emen

t(A

UM) (S i

nCr

ore)

as on

Octo

ber 3

1, 20

10

586.

24

Numb

er o

fFo

lios (

Live

Acco

unts)

as on

Octo

ber 3

1, 20

10

23,7

90

HD

FC S

ho

rt T

erm

Pla

n

1,58

8.72

7,80

2

Risk

Miti

gatio

nSt

rate

gy(C

ontd

.)

secu

ritie

s w

ould

nor

mal

ly b

e un

dert

aken

in i

nstr

umen

ts t

hat

have

bee

n as

signe

dhi

gh in

vest

men

t gra

de ra

tings

by a

ny o

f the

reco

gnis

ed r

atin

g ag

enci

es.

Unr

ated

inve

stm

ents

, if a

ny, w

ould

requ

ire s

peci

ficap

prov

al fr

om a

com

mitt

ee c

onst

itute

d fo

rth

e pu

rpos

e.•

For m

itiga

ting

liqui

dity

risk

, the

Sch

eme

will

adop

t a

thre

e-pr

onge

d m

ix o

f st

rate

gies

com

pris

ing

inve

stm

ent

in

vari

ous

mat

uriti

es, i

nves

ting

in se

curit

ies p

rovi

ding

rela

tivel

y ea

sy li

quid

ity, s

ecur

ities

hav

ing

are

ason

able

sec

onda

ry m

arke

t act

ivity

.

ratin

g ag

enci

es.

Inve

stm

ents

in

debt

/m

on

ey

mar

ket

secu

riti

es

wo

uld

norm

ally

be

unde

rtak

en in

inst

rum

ents

that

h

ave

bee

n

assi

gn

ed

hig

hin

vest

men

t gr

ade

ratin

gs b

y an

y of

the

reco

gnis

ed r

atin

g ag

enci

es.

Unr

ated

inve

stm

ents

, if

any

, w

ould

req

uire

spec

ific

appr

oval

fro

m a

com

mitt

eeco

nstit

uted

for

the

pur

pose

.•

For m

itiga

ting

liqui

dity

risk

, the

Sch

eme

will

ado

pt a

thr

ee-p

rong

ed m

ix o

fst

rate

gies

com

pris

ing

inve

stm

ent

inva

rious

mat

uriti

es, i

nves

ting

in se

curit

ies

pro

vid

ing

rel

ativ

ely

easy

liq

uid

ity,

secu

ritie

s hav

ing

a re

ason

able

seco

ndar

ym

arke

t ac

tivity

.

ratin

g ag

enci

es.

Inve

stm

ents

in

debt

/m

on

ey

mar

ket

secu

riti

es

wo

uld

norm

ally

be

unde

rtak

en in

inst

rum

ents

that

h

ave

bee

n

assi

gn

ed

hig

hin

vest

men

t gr

ade

ratin

gs b

y an

y of

the

reco

gnis

ed r

atin

g ag

enci

es.

Unr

ated

inve

stm

ents

, if

any

, w

ould

req

uire

spec

ific

appr

oval

fro

m a

com

mitt

eeco

nstit

uted

for

the

pur

pose

.•

For m

itiga

ting

liqui

dity

risk

, the

Sch

eme

will

ado

pt a

thr

ee-p

rong

ed m

ix o

fst

rate

gies

com

pris

ing

inve

stm

ent

inva

rious

mat

uriti

es, i

nves

ting

in se

curit

ies

pro

vid

ing

rel

ativ

ely

easy

liq

uid

ity,

secu

riti

es

hav

ing

a

reas

on

able

seco

ndar

y m

arke

t ac

tivity

.

HD

FC H

igh

Inte

rest

Fu

nd

HD

FC S

ho

rt T

erm

Op

po

rtu

nit

ies

Fun

d

HH

IF:

208.

24

HH

IF-S

TP:

2,47

6.95

HH

IF:

5,42

2

HH

IF-S

TP:

10,8

96

192.

82

422

12.2

3

57

LTP

: 1,

500.

11

STP

: 2,

145.

36

LTP

: 3,

731

STP

: 17

,222

HD

FC M

ediu

m T

erm

Op

po

rtu

nit

ies

Fun

dgi

ven

to th

e in

stru

men

t by

reco

gnise

d ra

ting

agen

cies

. In

vest

men

ts in

deb

t /

mon

eym

arke

t se

curit

ies

wou

ld n

orm

ally

be

unde

rtak

en i

n in

stru

men

ts t

hat

have

been

ass

igne

d hi

gh i

nves

tmen

t gr

ade

ratin

gs b

y an

y of

the

rec

ogni

sed

ratin

gag

enci

es.

Unr

ated

inv

estm

ents

, if

any,

wou

ld r

equi

re s

peci

fic a

ppro

val f

rom

aco

mm

ittee

con

stitu

ted

for

the

purp

ose.

•Fo

r miti

gatin

g liq

uidi

ty ri

sk, t

he S

chem

ew

ill a

dopt

a t

hree

-pro

nged

mix

of

stra

tegi

es c

ompr

isin

g in

vest

men

t in

vario

us m

atur

ities

, inv

estin

g in

sec

uriti

espr

ovi

din

g r

elat

ivel

y ea

sy l

iqu

idit

y,se

curit

ies h

avin

g a

reas

onab

le se

cond

ary

mar

ket

activ

ity.

HD

FC F

loat

ing

Rat

eIn

com

e Fu

nd

Nam

e of

the

Sche

me

HD

FC G

ilt F

un

dH

DFC

Liq

uid

Fu

nd

Type

of

Sche

me

Ope

n-en

ded

Inco

me

Sche

me

Ope

n-en

ded

Liqu

id In

com

e Sc

hem

eSa

ving

s &

Cal

l Pla

n: O

pen

ende

d H

igh

Liqu

idity

Inco

me

Sche

me.

Trea

sury

Adv

anta

ge P

lan:

Ope

n-en

ded

Inco

me

Sche

me.

HD

FC C

ash

Man

agem

ent

Fun

dH

DFC

Qu

arte

rly

Inte

rval

Fu

nd

Ope

n-en

ded

Inte

rval

Inco

me

Sche

me

Inve

stm

ent

Obj

ectiv

eTo

gen

erat

e cr

edit

ris

k fr

ee r

etur

ns t

hrou

ghin

vest

men

ts i

n so

vere

ign

secu

ritie

s is

sued

by

the

Cen

tral

Gov

ernm

ent

and/

or S

tate

Gov

ernm

ents

.

To e

nhan

ce in

com

e co

nsist

ent

with

a h

igh

leve

l of

liq

uidi

ty,

thro

ugh

a ju

dici

ous

port

folio

mix

com

prisi

ng o

f m

oney

mar

ket

and

debt

inst

rum

ents

.

Savi

ngs

& C

all P

lan

- To

gen

erat

e op

timal

ret

urns

whi

le m

aint

aini

ng s

afet

y an

d hi

gh li

quid

ity.

Trea

sury

Adv

anta

ge P

lan

- To

gen

erat

e re

gula

r in

com

e th

roug

h in

vest

men

t in

deb

t se

curit

ies

and

mon

eym

arke

t in

stru

men

ts.

To

gen

erat

e re

gu

lar

inco

me

thro

ug

hin

vest

men

ts

in

Deb

t/

Mo

ney

M

arke

tIn

stru

men

ts a

nd G

over

nmen

t Se

curit

ies.

Inve

stm

ent

Stra

tegy

[Ple

ase

refe

rto

Sch

eme

Info

rmat

ion

Docu

men

t(S

ID) o

f the

Sche

me(

s) f

orco

mpl

ete

deta

ils.]

The

Sche

me

offe

rs in

vest

ors

two

sepa

rate

Pla

ns (i

.e. S

hort

Ter

m P

lan

and

Long

Ter

m P

lan)

repr

esen

ting

inve

stm

ents

mad

e an

d he

ld in

two

sepa

rate

inve

stm

ent p

ortfo

lios.

The

portf

olio

s may

diff

er in

the

portf

olio

allo

catio

n to

a p

artic

ular

ass

et c

lass

and

the

issue

hel

d as

wel

l as i

n th

eav

erag

e m

atur

ity o

f eac

h po

rtfo

lio.

• Sh

ort T

erm

Plan

: It i

s pro

pose

d to

inve

st th

e pr

ocee

ds o

f the

Sho

rtTe

rm P

lan

in s

over

eign

sec

uriti

es is

sued

by

the

Cen

tral

Gov

ernm

ent

and/

or a

Sta

te G

over

nmen

t w

ith s

hort

to

med

ium

ter

m r

esid

ual

mat

uriti

es.

• Lo

ng T

erm

Pla

n : It

is p

ropo

sed

to in

vest

the

proc

eeds

of t

he L

ong

Term

Pla

n in

sov

erei

gn s

ecur

ities

issu

ed b

y th

e C

entr

al G

over

nmen

tan

d/or

a S

tate

Gov

ernm

ent w

ith m

ediu

m to

long

term

mat

uriti

es.

The

Sche

me

will

pur

chas

e se

curit

ies

in th

e pu

blic

offe

rings

, as

wel

l as

thos

e tr

aded

in

the

seco

ndar

y m

arke

ts.

On

occa

sions

, if

deem

edap

prop

riate

, the

Sch

eme

may

also

par

ticip

ate

in a

uctio

n of

Gov

ernm

ent

Secu

ritie

s.Be

ing

a de

dica

ted

Gilt

Sch

eme,

Inv

estm

ents

will

be

rest

ricte

d to

Gov

ernm

ent

of I

ndia

Dat

ed S

ecur

ities

, Tr

easu

ry B

ills

and

Stat

eG

over

nmen

t Dat

ed S

ecur

ities

. Yie

lds o

n th

ese

inst

rum

ents

are

dyn

amic

and

chan

ge fr

om ti

me

to ti

me.

Fac

tors

affe

ctin

g th

e yi

elds

incl

ude

the

prev

alen

t liq

uidi

ty c

ondi

tions

, ex

pect

atio

ns o

n su

pply

of

thes

ein

stru

men

ts fr

om th

e iss

uers

and

the

econ

omic

sce

nario

.

The

net

asse

ts o

f th

e Sc

hem

e w

ill b

ein

vest

ed i

n de

bt s

ecur

itie

s an

d m

oney

mar

ket

inst

rum

ents

with

mat

urity

of

upto

91 d

ays

only.

In c

ase

of s

ecur

ities

with

put

and

call

optio

ns (

daily

or

othe

rwis

e) t

here

sidua

l mat

urity

sha

ll no

t be

gre

ater

tha

n91

day

s. C

onsi

sten

t w

ith t

he i

nves

tmen

tob

ject

ives

of t

he S

chem

e, th

e A

MC

aim

s to

iden

tify

sec

urit

ies

whi

ch o

ffer

sup

erio

rre

turn

s at

lo

wer

lev

el o

f ri

sk w

hile

mai

ntai

ning

the

liq

uidi

ty p

rofi

le.

The

Sche

me

may

use

der

ivat

ive

inst

rum

ents

such

as

inte

rest

rat

e sw

aps

(IRS)

, fo

rwar

dra

te a

gree

men

ts (

FRA

) an

d an

y ot

her

deriv

ativ

e in

stru

men

ts a

s m

ay b

e pe

rmitt

edby

RBI

/ SE

BI f

rom

tim

e to

tim

e.

Savi

ngs P

lan:

The

Sav

ings

Pla

n is

suita

ble

for i

nves

tors

’ esp

ecia

lly in

stitu

tiona

l inv

esto

rs w

ho h

ave

shor

t-te

rmsa

ving

s/in

vest

men

t ho

rizon

and

see

k liq

uidi

ty o

f th

eir

inve

stm

ent

at s

hort

not

ice.

The

net

asse

ts o

f th

e Sa

ving

s Pl

an w

ill b

e in

vest

ed in

deb

t se

curit

ies

and

mon

ey m

arke

t in

stru

men

ts w

ithm

atur

ity o

f up

to 9

1 da

ys o

nly.

In c

ase

of s

ecur

ities

with

put

and

cal

l opt

ions

(dai

ly o

r ot

herw

ise) t

he r

esid

ual

mat

urity

sha

ll no

t be

gre

ater

tha

n 91

day

s. T

he P

lan

may

use

der

ivat

ive

inst

rum

ents

suc

h as

int

eres

t ra

tesw

aps

(IRS)

, for

war

d ra

te a

gree

men

ts (F

RA) a

nd a

ny o

ther

der

ivat

ive

inst

rum

ents

as

may

be

perm

itted

by

RBI

/ SEB

I fro

m t

ime

to t

ime.

Call

Plan

: The

net

ass

ets

of t

he C

all P

lan

will

be

inve

sted

in d

ebt

secu

ritie

s an

d m

oney

mar

ket

inst

rum

ents

with

mat

urity

of

upto

91

days

onl

y. In

cas

e of

sec

uriti

es w

ith p

ut a

nd c

all o

ptio

ns (

daily

or

othe

rwise

) th

ere

sidu

al m

atur

ity s

hall

not

be g

reat

er t

han

91 d

ays.

Inv

estm

ents

und

er t

he C

all

Plan

wou

ld b

e m

ade

pred

omin

antly

in

Col

late

ralis

ed B

orro

win

g &

Len

ding

Obl

igat

ions

(C

BLO

), ov

erni

ght

reve

rse

repo

s in

Gov

ernm

ent s

ecur

ities

and

fixe

d in

com

e se

curit

ies w

ith o

vern

ight

mat

urity

/ liq

uidi

ty. T

he P

lan

may

use

der

ivat

ive

inst

rum

ents

such

as i

nter

est r

ate

swap

s (IR

S), f

orw

ard

rate

agr

eem

ents

(FRA

) and

any

oth

er d

eriv

ativ

e in

stru

men

tsas

may

be

perm

itted

by

RBI /

SEB

I fro

m t

ime

to t

ime.

Trea

sury

Adv

anta

ge P

lan:

The

net

ass

ets

of t

he T

reas

ury

Adv

anta

ge P

lan

will

be

inve

sted

in d

ebt

secu

ritie

san

d m

oney

mar

ket

inst

rum

ents

. Thi

s Sc

hem

e is

suita

ble

for

inve

stor

s ha

ving

a s

hort

-ter

m in

vest

men

t ho

rizon

and

seek

hig

h le

vels

of l

iqui

dity

for

the

ir in

vest

men

ts.

This

Sche

me

wou

ld e

ndea

vour

to

gene

rate

reg

ular

retu

rns

com

men

sura

te w

ith lo

w le

vels

of in

tere

st r

ate

risk.

The

Sch

eme

may

use

der

ivat

ive

inst

rum

ents

suc

has

inte

rest

rat

e sw

aps

(IRS)

, fo

rwar

d ra

te a

gree

men

ts (

FRA

) an

d an

y ot

her

deriv

ativ

e in

stru

men

ts a

s m

ay b

epe

rmitt

ed b

y RB

I / S

EBI f

rom

tim

e to

tim

e.

The

net a

sset

s of

the

Sche

me

will

be

inve

sted

in d

ebt

secu

riti

es a

nd

mo

ney

mar

ket

inst

rum

ents

. The

Sch

eme

may

use

der

ivat

ive

inst

rum

ents

suc

h as

inte

rest

rate

sw

aps

(IRS)

,fo

rwar

d ra

te a

gree

men

ts (F

RA) a

nd a

ny o

ther

deriv

ativ

e in

stru

men

ts a

s m

ay b

e pe

rmitt

edby

RBI

/ S

EBI f

rom

tim

e to

tim

e. T

he P

lan(

s)un

der

the

Sche

me

open

for

sub

scrip

tion/

switc

h-in

, w

ithou

t pa

ymen

t of

any

loa

d at

quar

terly

int

erva

ls.

•Th

e Sc

hem

e se

eks t

o m

anag

e th

e du

ration

of d

ebt

asse

ts on

a p

roac

tive

basis

to m

anag

e int

erest

rate

risks

and

to o

ptim

ise re

turn

s.•

A cre

dit ev

aluati

on o

f eac

h de

bt ex

posu

re wo

uld b

eun

derta

ken.

This

wou

ld als

o co

nside

r the

cre

ditrat

ings g

iven

to th

e ins

trum

ent b

y rec

ognis

ed ra

ting

agen

cies.

Inve

stmen

ts in

deb

t / m

oney

mar

ket

secu

ritie

s w

ould

nor

mal

ly be

und

erta

ken

inins

trum

ents

that

have

been

assig

ned h

igh in

vestm

ent

grad

e ra

tings

by

any

of t

he re

cogn

ised

ratin

gag

encie

s. Un

rated

inve

stmen

ts, if

any,

would

requ

iresp

ecific

app

rova

l fro

m a

com

mitt

ee c

onsti

tuted

for

the

purp

ose.

•Fo

r mitig

ating

liquid

ity ri

sk, t

he Sc

hem

e will

adop

t ath

ree-

pron

ged

mix

of s

trate

gies

com

prisi

ngin

vest

men

t in

var

ious

mat

uriti

es, i

nves

ting

inse

curit

ies p

rovid

ing re

lative

ly ea

sy liq

uidity

, sec

uritie

sha

ving

a rea

sona

ble se

cond

ary m

arket

activ

ity.

•Th

e Sc

hem

e se

eks t

o m

anag

e th

e du

ration

of d

ebt

asse

ts on

a p

roac

tive

basis

to m

anag

e int

erest

rate

risks

and

to o

ptim

ise re

turn

s.•

A cre

dit ev

aluati

on o

f eac

h de

bt ex

posu

re wo

uld b

eun

derta

ken.

Thi

s wo

uld

also

cons

ider

the

credi

trat

ings g

iven

to th

e ins

trum

ent b

y rec

ognis

ed ra

ting

agen

cies.

Inve

stmen

ts in

deb

t / m

oney

mar

ket

secu

ritie

s w

ould

nor

mal

ly be

und

erta

ken

inins

trum

ents

that

have

been

assig

ned h

igh in

vestm

ent

grad

e ra

tings

by

any

of t

he re

cogn

ised

ratin

gag

encie

s. Un

rated

inve

stmen

ts, if

any,

would

requ

iresp

ecific

app

rova

l fro

m a

com

mitt

ee c

onsti

tute

d fo

rth

e pu

rpos

e.•

For m

itigati

ng liq

uidity

risk

, the

Sche

me w

ill ad

opt a

thre

e-pr

onge

d m

ix of

stra

tegi

es c

ompr

ising

inves

tmen

t in va

rious

matu

rities

, inve

sting

in se

curit

iespr

ovidi

ng re

lative

ly ea

sy liq

uidity

, sec

uritie

s hav

ing a

reaso

nable

seco

ndary

mark

et ac

tivity

.

18 HDFC Mutual Fund

Information Common to Schemes (as applicable) (contd...)

Risk

Miti

gatio

nSt

rate

gy

•In

vest

men

ts in

Gov

ernm

ent S

ecur

ities

and

Tre

asur

y Bi

lls w

ould

be u

nder

take

n af

ter

asse

ssin

g th

e as

soci

ated

inte

rest

rat

e ris

kan

d liq

uidi

ty r

isk in

var

ious

mat

urity

seg

men

ts.

•Th

e Sc

hem

e se

eks

to m

anag

e th

e du

ratio

n of

deb

t ass

ets

on a

proa

ctiv

e ba

sis t

o m

anag

e in

tere

st r

ate

risks

and

to

optim

isere

turn

s.•

For m

itiga

ting

liqui

dity

risk

, the

Sch

eme

will

striv

e to

hav

e w

ithin

the

iden

tifie

d m

atur

ity b

ucke

ts,

thos

e G

over

nmen

t se

curit

ies

havi

ng a

rea

sona

ble

seco

ndar

y m

arke

t ac

tivity

.

•Ex

posu

re t

o de

bt s

ecur

ities

, ot

her

than

Sove

reig

n

exp

osu

res,

w

ou

ld

be

dive

rsif

ied,

com

pris

ing

a nu

mbe

r of

issu

ers

acro

ss

the

fin

anci

al

and

man

ufac

turin

g /

serv

ices

sec

tors

. Th

issh

all a

id in

man

agin

g co

ncen

trat

ion

risk

and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curit

ies

wou

ld b

e un

dert

aken

aft

eras

sess

ing

the

asso

ciat

ed c

redi

t ris

k an

dliq

uidi

ty r

isk.

•Be

ing

a Li

quid

Sch

eme,

the

Sch

eme'

sin

vest

men

ts a

re r

estr

icte

d to

sec

uriti

esm

atur

ing

with

in 9

1 da

ys.

•A

cre

dit

eva

luat

ion

of

each

deb

tex

posu

re w

ould

be

unde

rtak

en.

This

wou

ld a

lso c

onsid

er t

he c

redi

t ra

tings

give

n to

the

ins

trum

ent

by r

ecog

nise

dra

ting

agen

cies

. In

vest

men

ts i

n de

bt /

mon

ey m

arke

t sec

uriti

es w

ould

nor

mal

lybe

und

erta

ken

in in

stru

men

ts th

at h

ave

been

ass

igne

d hi

gh i

nves

tmen

t gr

ade

ratin

gs b

y an

y of

the

rec

ogni

sed

ratin

gag

enci

es.

Unr

ated

inv

estm

ents

, if

any,

wou

ld r

equi

re s

peci

fic a

ppro

val f

rom

aco

mm

ittee

con

stitu

ted

for

the

purp

ose.

•Fo

r miti

gatin

g liq

uidi

ty ri

sk, t

he S

chem

ew

ill a

dopt

a t

hree

-pro

nged

mix

of

stra

tegi

es c

ompr

isin

g in

vest

men

t in

vari

ous

mat

urit

ies

wit

hin

91 d

ays,

inve

stin

g in

secu

ritie

s pro

vidi

ng re

lativ

ely

high

er li

quid

ity a

nd s

ecur

ities

hav

ing

are

ason

able

sec

onda

ry m

arke

t ac

tivity

.

Savi

ngs

Plan

:•

Expo

sure

to d

ebt s

ecur

ities

, oth

er th

an S

over

eign

exp

osur

es, w

ould

be

dive

rsifi

ed, c

ompr

ising

a n

umbe

r of

issue

rs a

cros

s th

e fin

anci

al a

nd m

anuf

actu

ring

/ ser

vice

s se

ctor

s. T

his

shal

l aid

in m

anag

ing

conc

entr

atio

nris

k an

d se

ctor

-spe

cific

risk

s.•

Inve

stm

ents

in d

ebt

/ mon

ey m

arke

t se

curit

ies

wou

ld b

e un

dert

aken

aft

er a

sses

sing

the

asso

ciat

ed c

redi

tris

k an

d liq

uidi

ty r

isk.

•Be

ing

a Li

quid

Sch

eme,

the

Sch

eme'

s in

vest

men

ts a

re r

estr

icte

d to

sec

uriti

es m

atur

ing

with

in 9

1 da

ys.

•A

cre

dit

eval

uatio

n of

eac

h de

bt e

xpos

ure

wou

ld b

e un

dert

aken

. Th

is w

ould

also

con

sider

the

cre

dit

ratin

gs g

iven

to th

e in

stru

men

t by

reco

gnise

d ra

ting

agen

cies

. Inv

estm

ents

in d

ebt /

mon

ey m

arke

t sec

uriti

esw

ould

nor

mal

ly b

e un

dert

aken

in in

stru

men

ts t

hat

have

bee

n as

signe

d hi

gh in

vest

men

t gr

ade

ratin

gs b

yan

y of

the

reco

gnise

d ra

ting

agen

cies

. Unr

ated

inve

stm

ents

, if

any,

wou

ld re

quire

spe

cific

app

rova

l fro

m a

com

mitt

ee c

onst

itute

d fo

r th

e pu

rpos

e.•

For m

itiga

ting

liqui

dity

risk

, the

Sch

eme

will

ado

pt a

thre

e-pr

onge

d m

ix o

f str

ateg

ies

com

prisi

ng in

vest

men

tin

var

ious

mat

uriti

es w

ithin

91

days

, inv

estin

g in

sec

uriti

es p

rovi

ding

rela

tivel

y hi

gher

liqu

idity

and

sec

uriti

esha

ving

a r

easo

nabl

e se

cond

ary

mar

ket

activ

ity.

Trea

sury

Adv

anta

ge P

lan:

•Ex

posu

re to

deb

t sec

uriti

es, o

ther

than

Sov

erei

gn e

xpos

ures

, wou

ld b

e di

vers

ified

, com

prisi

ng a

num

ber o

fiss

uers

acr

oss

the

finan

cial

and

man

ufac

turin

g / s

ervi

ces

sect

ors.

Thi

s sh

all a

id in

man

agin

g co

ncen

trat

ion

risk

and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts in

deb

t / m

oney

mar

ket

secu

ritie

s w

ould

be

unde

rtak

en a

fter

ass

essin

g th

e as

soci

ated

cre

dit

risk,

inte

rest

rat

e ris

k an

d liq

uidi

ty r

isk.

•Th

e Sc

hem

e s

eeks

to m

anag

e th

e du

ratio

n of

deb

t ass

ets

on a

pro

activ

e ba

sis to

man

age

inte

rest

rate

risk

san

d to

opt

imise

ret

urns

.•

A c

redi

t ev

alua

tion

of e

ach

debt

exp

osur

e w

ould

be

unde

rtak

en.

This

wou

ld a

lso c

onsid

er t

he c

redi

tra

tings

giv

en to

the

inst

rum

ent b

y re

cogn

ised

ratin

g ag

enci

es. I

nves

tmen

ts in

deb

t / m

oney

mar

ket s

ecur

ities

wou

ld n

orm

ally

be

unde

rtak

en in

inst

rum

ents

tha

t ha

ve b

een

assig

ned

high

inve

stm

ent

grad

e ra

tings

by

any

of t

he re

cogn

ised

ratin

g ag

enci

es. U

nrat

ed in

vest

men

ts, i

f an

y, w

ould

requ

ire s

peci

fic a

ppro

val f

rom

aco

mm

ittee

con

stitu

ted

for

the

purp

ose.

•Fo

r miti

gatin

g liq

uidi

ty ri

sk, t

he S

chem

e w

ill a

dopt

a th

ree-

pron

ged

mix

of s

trat

egie

s co

mpr

ising

inve

stm

ent

in v

ario

us m

atur

ities

, inv

estin

g in

sec

uriti

es p

rovi

ding

rela

tivel

y ea

sy li

quid

ity, s

ecur

ities

hav

ing

a re

ason

able

seco

ndar

y m

arke

t ac

tivity

.Ca

ll Pl

an:

•Ex

posu

re t

o de

bt s

ecur

ities

, ot

her

than

Sov

erei

gn e

xpos

ures

, w

ould

be

dive

rsifi

ed c

ompr

ising

diff

eren

tiss

uers

. Thi

s sh

all a

id in

man

agin

g co

ncen

trat

ion

risk

and

sect

or-s

peci

fic r

isks.

•In

vest

men

ts in

deb

t / m

oney

mar

ket

secu

ritie

s w

ould

be

unde

rtak

en a

fter

ass

essin

g th

e as

soci

ated

cre

dit

risk

and

liqui

dity

risk

. Bei

ng a

Liq

uid

Sche

me,

the

Sche

me'

s in

vest

men

ts a

re re

stric

ted

to s

ecur

ities

mat

urin

gw

ithin

91

days

. Spe

cific

ally,

thi

s be

ing

a Pl

an t

rack

ing

over

nigh

t ca

ll m

arke

t ra

tes,

the

ave

rage

mat

urity

islik

ely

to b

e m

uch

less

tha

n 91

day

s. T

his

min

imise

s th

e in

tere

st r

ate

risk

subs

tant

ially

.•

Alth

ough

the

Plan

's a

sset

s ar

e of

a v

ery

shor

t mat

urity

, a c

redi

t eva

luat

ion

of e

ach

debt

exp

osur

e w

ould

be

unde

rtak

en.

This

wou

ld a

lso c

onsid

er t

he c

redi

t ra

tings

giv

en t

o th

e in

stru

men

t by

rec

ogni

sed

ratin

gag

enci

es.

Inve

stm

ents

in

debt

/ m

oney

mar

ket

secu

ritie

s w

ould

nor

mal

ly b

e un

dert

aken

in

inst

rum

ents

that

hav

e be

en a

ssig

ned

high

inve

stm

ent

grad

e ra

tings

by

any

of t

he r

ecog

nise

d ra

ting

agen

cies

. Unr

ated

inve

stm

ents

, if

any,

wou

ld r

equi

re s

peci

fic a

ppro

val f

rom

a c

omm

ittee

con

stitu

ted

for

the

purp

ose.

•Li

quid

ity r

isk in

thi

s Pl

an w

ould

be

man

aged

by

havi

ng a

rea

sona

ble

port

ion

of t

he p

ortf

olio

com

prisi

ngve

ry s

hort

mat

uriti

es o

f up

to a

few

day

s.

•Ex

posu

re t

o de

bt s

ecur

ities

, ot

her

than

Sove

reig

n ex

posu

res,

wou

ld b

e di

vers

ified

,co

mpr

ising

a n

umbe

r of i

ssue

rs a

cros

s th

efin

anci

al a

nd m

anuf

actu

ring

/ se

rvic

esse

cto

rs.

This

sh

all

aid

in

man

agin

gco

ncen

trat

ion

risk

and

sect

or-s

peci

fic ri

sks.

•In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curi

ties

wou

ld b

e un

dert

aken

aft

eras

sess

ing

the

asso

ciat

ed c

redi

t risk

, int

eres

tra

te r

isk a

nd li

quid

ity r

isk.

•Th

e Sc

hem

e se

eks t

o m

anag

e th

e du

ratio

nof

deb

t as

sets

on

a pr

oact

ive

basi

s to

man

age

inte

rest

rate

risk

s an

d to

opt

imise

retu

rns.

•A

cre

dit e

valu

atio

n of

eac

h de

bt e

xpos

ure

wou

ld b

e un

dert

aken

. Th

is w

ould

als

oco

nsid

er t

he c

redi

t ra

tings

giv

en t

o th

ein

stru

men

t by

reco

gnise

d ra

ting

agen

cies

.In

vest

men

ts i

n de

bt /

mon

ey m

arke

tse

curit

ies

wou

ld n

orm

ally

be

unde

rtak

enin

ins

trum

ents

tha

t ha

ve b

een

assi

gned

high

inve

stm

ent

grad

e ra

tings

by

any

ofth

e re

cogn

ised

ratin

g ag

enci

es.

Unr

ated

inve

stm

ents

, if a

ny, w

ould

requ

ire s

peci

ficap

prov

al fr

om a

com

mitt

ee c

onst

itute

d fo

rth

e pu

rpos

e.•

Red

emp

tio

ns

in

the

Sch

eme

are

conc

entr

ated

aro

und

the

quar

terly

per

iod

whe

n th

e tr

ansa

ctio

n w

indo

w i

s op

en.

This

feat

ure

help

s in

man

agin

g ne

cess

ary

port

folio

liq

uidi

ty.

Asse

t Und

erM

anag

emen

t(A

UM) (S i

nCr

ore)

as on

Octo

ber 3

1, 20

10

Shor

t Te

rm P

lan

: 11.

22

Long

Ter

m P

lan

: 304

.88

3,95

5.30

Savi

ngs

Plan

:2,

303.

29

Trea

sury

Adv

anta

ge P

lan

:13

,260

.97

Cal

l Pla

n:

15.2

5

Plan

A :

80.

87

Plan

B :

267

.62

Plan

C :

302.

04

Numb

er o

fFo

lios (

Live

Acco

unts)

as on

Octo

ber 3

1, 20

10

Shor

t Te

rm P

lan

: 485

Long

Ter

m P

lan

: 150

4

10,1

17Sa

ving

s Pl

an:

12,1

72

Trea

sury

Adv

anta

ge P

lan

:49

,566

Cal

l Pla

n:

143

Plan

A :

245

Plan

B :

306

Plan

C :

145

Nam

e of

the

Sche

me

HD

FC L

iqu

id F

un

dH

DFC

Cas

h M

anag

emen

t Fu

nd

HD

FC Q

uar

terl

y In

terv

al F

un

dH

DFC

Gilt

Fu

nd

1) C

om

par

iso

n o

f Ex

isti

ng

Deb

t Sc

hem

es (

cont

d...)



2) Risk Profile of the Scheme(s)Scheme(s) specific Risk factors

Risk factors associated with investing in Fixed Income Securities� The Net Asset Value (NAV) of the Scheme(s), to the extent invested in Debt and Money Market securities, will be affected by changes in the general level of interest rates. The NAV of

the Scheme(s) is expected to increase from a fall in interest rates while it would be adversely affected by an increase in the level of interest rates.

� Money market securities, while fairly liquid, lack a well developed secondary market, which may restrict the selling ability of the Scheme(s) and may lead to the Scheme(s) incurringlosses till the security is finally sold.

� Investment in Debt Securities are subject to the risk of an issuer’s inability to meet interest and principal payments on its obligations and market perception of the creditworthiness ofthe issuer.

� Government securities where a fixed return is offered run price-risk like any other fixed income security. Generally, when interest rates rise, prices of fixed income securities fall andwhen interest rates drop, the prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level ofinterest rates. The new level of interest rate is determined by the rates at which government raises new money and/or the price levels at which the market is already dealing in existingsecurities. The price-risk is not unique to Government Securities. It exists for all fixed income securities. However, Government Securities are unique in the sense that their credit riskgenerally remains zero. Therefore, their prices are influenced only by movement in interest rates in the financial system.

� Different types of fixed income securities in which the Scheme(s) would invest as given in the Scheme Information Document carry different levels and types of risk. Accordingly, theScheme(s) risk may increase or decrease depending upon its investment pattern. e.g. corporate bonds carry a higher level of risk than Government securities. Further even amongcorporate bonds, bonds, which are AAA rated, are comparatively less risky than bonds, which are AA rated.

� The AMC may, considering the overall level of risk of the portfolio, invest in lower rated / unrated securities offering higher yields as well as zero coupon securities that offer attractiveyields. This may increase the absolute level of risk of the portfolio.

� As zero coupon securities do not provide periodic interest payments to the holder of the security, these securities are more sensitive to changes in interest rates. Therefore, the interestrate risk of zero coupon securities is higher. The AMC may choose to invest in zero coupon securities that offer attractive yields. This may increase the risk of the portfolio.

� Securities, which are not quoted on the stock exchanges, are inherently illiquid in nature and carry a larger amount of liquidity risk, in comparison to securities that are listed on theexchanges or offer other exit options to the investor, including a put option. The AMC may choose to invest in unlisted securities that offer attractive yields. This may increase the riskof the portfolio.

� The Scheme(s) at times may receive large number of redemption requests, leading to an asset-liability mismatch and therefore, requiring the investment manager to make a distresssale of the securities leading to realignment of the portfolio and consequently resulting in investment in lower yield instruments.

The Risks involved in Securitised Papers described below are the principal ones and does not represent that the statement of risks set outhereunder is exhaustive.

Risk factors associated with investing in Securitised Debt

Risk factors associated with investing in Securitised Debt summarized below.

� Limited Liquidity & Price Risk

� Limited Recourse, Delinquency and Credit Risk

� Risks due to possible prepayments and Charge Offs

� Bankruptcy of the Swap Bank

� Risk of Co-mingling

Please refer the Scheme Information Document(s) (SID) of the respective Schemes for details.

Risk factors associated with investing in Foreign Securities (Except HDFC Gilt Fund)� Currency Risk:

Moving from Indian Rupee (INR) to any other currency entails currency risk. To the extent that the assets of the Scheme(s) will be invested in securities denominated in foreigncurrencies, the Indian Rupee equivalent of the net assets, distributions and income may be adversely affected by changes in the value of certain foreign currencies relative to the IndianRupee.

� Interest Rate Risk:The pace and movement of interest rate cycles of various countries, though loosely co-related, can differ significantly. Hence by investing in securities of countries other than India, theScheme(s) stand exposed to their interest rate cycles.

� Credit Risk:This is substantially reduced since the SEBI (Mutual Funds) Regulations, 1996 stipulate investments only in debt instruments with rating not below investment grade by accredited/registered credit rating agency.

To manage risks associated with foreign currency and interest rate exposure, the Mutual Fund may use derivatives for efficient portfolio management including hedging and in accordancewith conditions as may be stipulated by SEBI / RBI from time to time.

Risk factors associated with Securities LendingAs with other modes of extensions of credit, there are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved intermediary, to complywith the terms of the agreement entered into between the lender of securities i.e. the Scheme and the approved intermediary. Such failure can result in the possible loss of rights to thecollateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefitsaccruing to the lender from the securities deposited with the approved intermediary.

Risk factors associated with investing in Derivatives (Except HDFC Gilt Fund)� The AMC, on behalf of the Scheme(s) may use various derivative products, from time to time, in an attempt to protect the value of the portfolio and enhance Unit holders’ interest.

Derivative products are specialized instruments that require investment techniques and risk analysis different from those associated with stocks and bonds. The use of a derivativerequires an understanding not only of the underlying instrument but of the derivative itself. Other risks include, the risk of mispricing or improper valuation and the inability ofderivatives to correlate perfectly with underlying assets, rates and indices.

� Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon theability of the fund manager to identify such opportunities. Identification and execution of the strategiesto be pursued by the fund manager involve uncertainty and decision of fundmanager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.

� The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.

Risk Factors Specific to HDFC Floating Rate Income Fund

Basis Risk:As the Scheme will invest in floating rate instruments, the Scheme could be exposed to the interest rate risk (a) to the extent of time gap in resetting of the benchmark rates and (b) to theextent the benchmark index fails to capture the interest rate movement.

Settlement Risk:

20 HDFC Mutual Fund


In the case of swapping a fixed rate return for a floating return, there may be an additional risk of counter party who will pay floating rate return and receive fixed rate return.

Liquidity Risk:Due to the evolving nature of floating rate market, there may be an increased risk of liquidity risk in the portfolio from time to time.

Benchmark Risk:The floating rate segment of the domestic debt market is in a nascent stage. As the floating rate segment develops further, more benchmarks for floating papers may be available in future.The fewer number of benchmarks currently present could reduce the choice of an appropriate benchmark for certain instruments.

Interest Rate Risk:Floating rate debt instruments, on account of periodical interest rate reset, carry a lower interest rate risk as compared to fixed rate debt instruments. Consequently, in a downward interestrate scenario the returns on floating rate debt instruments may not be better than those on fixed rate debt instruments.

3) Applicable NAVApplicable NAV for Purchases including Switch - Ins: • In respect of valid applications received upto 3.00 p.m. on a Business Day by the Fund along with a local cheque ora demand draft payable at par at the official Point(s) of acceptance where the application is received, the closing NAV of the day on which application is received shall be applicable. • Inrespect of valid applications received after 3.00 p.m. on a Business Day by the Fund along with a local cheque or a demand draft payable at par at the official Point(s) of acceptance wherethe application is received, the closing NAV of the next Business Day shall be applicable. • However, in respect of valid applications, with outstation cheques / demand drafts not payableat par at the official Point(s) of acceptance where the application is received, closing NAV of the day on which the cheque / demand draft is credited shall be applicable. • In respect of validapplications for purchase of units in Income/ Debt Oriented Schemes/Plans (other than liquid fund schemes and plans) with amount equal to or more than S 1 crore, irrespective of the timeof receipt of application, the closing NAV of the day (or immediately following Business Day if that day is not a Business Day) on which the funds are available for utilization shall beapplicable.

Applicable NAV for Redemptions including Switch - Outs: • In respect of valid applications received upto 3.00 p.m. on a Business Day by the Fund, same day’s closing NAVshall be applicable. • In respect of valid applications received after 3.00 p.m. on a Business Day by the Fund, the closing NAV of the next Business Day shall be applicable.

4) Dividend PolicyIt is proposed to declare dividends subject to availability of distributable profits, as computed in accordance with SEBI (Mutual Funds) Regulations, 1996.

Dividends, if declared, will be paid (subject of deduction of tax at source, if any) to those unit holders whose names appear in the register of unit holders on the notified record date. TheDividend Warrants shall be despatched within 30 days of the declaration of the dividend. In the event of failure of dispatch of dividend within the stipulated 30 day period, the AMC shallbe liable to pay interest @ 15 per cent per annum to the unit holders. The AMC reserves the right to change the record date from time to time. However, it must be distinctly understoodthat the actual declaration of dividend and the frequency thereof will inter alia, depend on the availability of distributable profits as computed in accordance with SEBI (Mutual Funds)Regulations, 1996. The decision of the Trustee in this regard shall be final.

There is no assurance or guarantee to unit holders as to the rate of dividend distribution nor that dividends will be paid regularly. On payment of dividends, the NAV will stand reduced bythe amount of dividend and dividend tax (if applicable) paid.

5) Load Structure(i) No Loads shall be imposed for switching between Plans / Options within the Scheme (except HDFC Floating Rate Income Fund, HDFC Gilt Fund, and HDFC Cash Management Fund).No Loads shall be imposed for switching between the options within the respective Plans of HDFC Floating Rate Income Fund, HDFC Gilt Fund and HDFC Cash Management Fund. (ii) NoEntry / Exit Load will be levied on Bonus units and units allotted on Dividend Reinvestment.

6) Waiver of Load for Direct ApplicationsPursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009 no entry load shall be charged for all mutual fund schemes. Therefore, the procedure for waiver of load

for direct applications is no longer applicable.

7) For Investor Grievances, Please contactInvestors may contact any of the Investor Service Centres (ISCs) of the AMC for any queries / clarifications at telephone number60006767 (Do not Prefix STD Code) or 1800 233 6767 (toll free), Fax number. (022) 22821144, e-mail: [email protected] can also post their grievances/feedback/suggestions on our website www.hdfcfund.com under the section ‘CustomerCare’ appearing under ‘Contact Us’. The Head Office of the AMC will follow up with the respective ISCs to ensure timelyredressal and prompt investor services. Mr. John Mathews, Head - Client Services can be contacted at Mistry Bhavan, 2nd Floor,122, Dinsha Vachha Road, Churchgate, Mumbai - 400 020 at telephone number (Direct) (022) 66316301 or telephone number(Board) (022) 66316333. His e-mail contact is: [email protected]

8) Unit holder’s InformationAccount Statements: Account Statement stating the number of Units will be sent by ordinary post and /or electronic mail (if so mandated) to Unit Holder's within the followingperiods:

� New or additional subscription as well as Redemption / Switch of Units: The Account Statement reflecting the new or additional subscription as well as Redemption / Switch of Unitsshall be despatched to the Unit holder within 30 days from the date of receipt of request from the Unit holder. However, under normal circumstances, the Mutual Fund shall endeavourto dispatch the Account Statement within 3 Business Days from the date of the receipt of request from the unit holder.

� For SIP/STP: Within 10 working days from the end of quarter (March, June, September, December)

� Annual Account Statement: The Mutual Funds shall provide the Account Statement to the Unitholders who have not transacted during the last six months prior to the date ofgeneration of account statements. The account statements in such cases may be generated and issued along with the Portfolio Statement or Annual Report of the Scheme.

For more details, please refer the Scheme Information Document (SID) and Statement of Additional Information (SAI).

Annual Financial Results: The Scheme wise annual report or an abridged summary thereof shall be mailed (e-mailed if opted / requested) to all Unit holders not later than fourmonths from the date of closure of the relevant accounting year (i.e. 31st March each year) and full annual report shall be available for inspection at the Head Office of the Mutual Fundand a copy shall be made available to the Unit holders on request on payment of nominal fees, if any. These results shall also be displayed on the website of the Mutual Fund onwww.hdfcfund.com and Association of Mutual Funds in India (AMFI) on www.amfiindia.com

Half Yearly Unaudited Financial Results: Half Yearly Unaudited Financial Results shall be published in one national English daily newspaper circulating in the whole of India andin a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated before expiry one month from the close of each half-year, that is on March31 and September 30. It is also displayed on the website of the Mutual Fund on www.hdfcfund.com and Association of Mutual Funds in India (AMFI) on www.amfiindia.com

Half yearly portfolio Disclosure: Full portfolio in the Prescribed format shall be disclosed either by publishing it in one national English daily newspaper circulating in the whole ofIndia and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated or by sending it to the Unit Holders within one month from the endof each half-year, that is as on March 31 and September 30. It is also displayed on the website of the Mutual Fund on www.hdfcfund.com and Association of Mutual Funds in India (AMFI)on www.amfiindia.com

Registrar and Transfer Agent :

Computer Age Management Services Pvt. Ltd,Unit: HDFC Mutual Fund5th Floor, Rayala Tower, 158, Anna Salai,Chennai - 600 002.Telephone No: 044-30212816Fax No: 044-42032955Email: [email protected]


INSTRUCTIONS1. General Instructions

Please read the Key Information Memorandumand the terms of the Scheme InformationDocument(s) of the respective Scheme(s) andStatement of Additional Information carefullybefore filling the Application Form. Investorsshould apprise themselves of the prevailingLoad structure on the date of submitting theApplication Form.

Investors are deemed to have accepted theterms subject to which these offers are beingmade and bind themselves to the terms uponsigning the Application Form and tenderingpayment. Investors have been provided thefollowing Application Forms :

� Three Common Forms for Debt OrientedSchemes with Nomination Facility :

HIF / HHIF / HSTP / HSTOF / HMTOF / HFRIF /HLF / HCMF / HGILT.

� One Third Party Payment Declaration Form

� One Systematic Transfer Plan (STP) EnrolmentForm.

� One HDFC Flex Systematic Transfer Plan (FlexSTP) Enrolment Form.

New investors wishing to make an SystematicInvestment Plan (SIP) investment will need tocomplete and submit both the ApplicationForm and the SIP Enrolment Form (for postdated cheque or for ECS / Direct Debit Facility /Standing Instruction as applicable). In case aninvestor wishes to invest through SIP, theinvestor may contact any of the ISCs of HDFCMutual Fund / CAMS/ Distributors or visit ourwebsite www.hdfcfund.com for the SIPEnrolment Form.

The Application Form should be completed inENGLISH and in BLOCK LETTERS only. Pleasetick in the appropriate box for relevant optionswherever applicable. Please do not overwrite.

For any correction / changes (if any) made onthe application form, applicants are requestedto authenticate the same by canceling and re-writing the correct details and counter-signedby the sole / all applicants.

Applications complete in all respects, may besubmitted at the designated Investor ServiceCentres (ISCs) / Official Points of Acceptance.

Investors must write the Application Form

number / Folio number on the reverse of the

cheques and bank drafts accompanying the

Application Form.

Applications incomplete in any respect areliable to be rejected. The AMC / Trustee retainsthe sole and absolute discretion to reject anyapplication.

It may be noted that the Securities andExchange Board of India (SEBI) vide itsNotification dated May 31, 2010 read withCircular dated June 24, 2010 states that witheffect from June 01, 2010, the distributors,agents or any persons employed or engagedor to be employed or engaged in the sale and/or distribution of mutual fund products shallbe required to have a valid certification fromthe National Institute of Securities Markets(NISM) by passing the certification examination.

In order to facilitate the transition process fromAMFI to NISM, it has been informed that aperson holding a valid AMFI certification whosevalidity expires between June 01, 2010 andDecember 31, 2010 or thereafter, will berequired to comply with the ContinuingProfessional Education (CPE) requirements aslaid down by NISM under the relevant clausesof the SEBI (Certification of Associated Persons

in the Securities Market) Regulations, 2007.

Further, no agents / distributors would beentitled to sell units of mutual funds unlessthe intermediary is registered with AMFI.

2. Investment Details

a) Only following investors can subscribe to HDFCLiquid Fund – Premium Plan / HDFC LiquidFund – Premium Plus Plan.

1. Companies, Bodies Corporate, PublicSector Undertakings, Association ofPersons or bodies of individuals andsocieties registered under the SocietiesRegistration Act, 1860;

2. Banks & Financial Institutions;

3. Religious and Charitable Trusts, Wakfs orendowments of private trusts (subject toreceipt of necessary approvals as required)and Private trusts authorised to invest inmutual fund schemes under their trustdeeds;

4. Foreign Institutional Investors (FIIs)registered with SEBI on repatriation basis.

b) Investors are required to indicate their choiceof Scheme, Plan and Option for whichsubscription is made, at the time of filling upthe Application Form. Please note that if thesame is not mentioned, the Plans / Optionsmentioned under Instruction 6 - Default Plan /Option shall apply.

Scheme Plan Option Sub-Option Payout Option

HDFC Income Fund – � Growth – –

� Dividend � Payout

� Reinvestment

HDFC High Interest Fund – � Growth – –

� Dividend � Quarterly � Payout

� Half-Yearly � Reinvestment

� Yearly

HDFC High Interest – � Growth – –

Fund - Short Term Plan � Dividend � Fortnightly � Payout

� Reinvestment

HDFC Short Term Plan – � Growth – –

� Dividend � Payout

� Reinvestment

HDFC Gilt Fund � Short Term Plan � Growth – –

� Long Term Plan � Dividend � Payout

� Reinvestment

HDFC Short Term – � Growth – –

Opportunities Fund � Dividend � Payout

� Reinvestment

HDFC Medium Term – � Growth – –

Opportunities Fund � Dividend � Payout

� Reinvestment

HDFC Floating Rate � Short Term Plan � Wholesale � Growth –

Income Fund � Retail � Daily Dividend � Reinvestment

� Weekly Dividend � Payout

� Monthly Dividend � Reinvestment

� Long Term Plan � Growth – –

� Dividend � Reinvestment

HDFC Liquid Fund – � Growth – –

� Dividend � Daily � Reinvestment

� Weekly � Payout

� Monthly � Reinvestment

� HDFC Liquid Fund � Growth – –

- Premium Plan � Dividend � Daily � Reinvestment


� Reinvestment

� HDFC Liquid Fund � Growth – –

- Premium Plus Plan � Dividend � Weekly � Payout

� Reinvestment

HDFC Cash � Savings Plan � Growth – –

Management Fund - � Dividend � Daily � Reinvestment


� Reinvestment

� Call Plan � Growth – –

� Dividend � Daily � Reinvestment

� Treasury � Wholesale � Growth –

Advantage Plan � Retail � Daily Dividend � Reinvestment

� Weekly Dividend � Payout� Monthly Dividend � Reinvestment

22 HDFC Mutual Fund

3. Existing Unit holder informationInvestors already having an account in any of HDFC MutualFund Schemes should provide their Folio Number in section 1and proceed to section 5. The personal details and BankAccount details as they feature in the existing folio wouldapply to this investment as well and would prevail over anyconflicting information furnished in this form. Unitholders’name should match with the details in the existing folionumber, failing which the application form is liable to berejected.

4. Unit holder InformationName and address must be written in full. In case the Investoris an NRI/FII, an overseas address must be provided. A localaddress if available may also be mentioned in the ApplicationForm. Name of the Parent or Guardian must be mentionedif the investments are being made on behalf of a minor.

Applications under a Power of Attorney or by a limitedcompany or a corporate body or an eligible institution ora registered society or a trust fund must be accompaniedby the original Power of Attorney (or a certified true copyof the same duly notarised) or the relevant resolution orauthority to make the application (or duly notarised copythereof) as the case may be, along with a certified copy ofthe Memorandum and Articles of Association and/or bye-laws and/or trust deed and/or partnership deed and/orCertificate of Registration. Authorised officials should signthe Application Form under their official designation. Alist of specimen signatures of the authorised officials, dulycertified / attested should also be attached to theApplication Form. In case of a Trust/Fund a resolution fromthe Trustee(s) authorising such purchase must besubmitted.

Applications not complying with the above are liable to be

rejected.

All communication and payments shall be made in thename of and favouring the first/sole applicant. In case ofapplications made in joint names without indicating themode of holding, mode of holding will be deemed as ‘Joint’and processed accordingly.

5. Bank Details

A. Pay -Out Bank Account Details:An investor at the time of his/her purchase of units mustprovide the details of his / her pay-out bank account (i.e.account into which redemption / dividend proceeds are tobe paid) in Section 4 in the Application Form.

B. Change in Bank Details:In order to protect the interest of Unit holders fromfraudulent encashment of redemption / dividend cheques,SEBI has made it mandatory for investors to provide theirbank details viz. name of bank, branch, address, accounttype and number, etc. to the Mutual Fund. Applicationswithout complete bank details shall be rejected. The AMCwill not be responsible for any loss arising out of fraudulentencashment of cheques / warrants and / or any delay /loss in transit.

Unit holders are free to change their bank details registeredwith the Mutual Fund subject to adherence with thefollowing procedure:

(i) Unit holders will be required to submit a valid requestfor a change in bank account details along with acancelled original cheque leaf of the new bank accountas well as the bank account currently registered withthe Mutual Fund (where the account number and firstunit holder name is printed on the face of the cheque).Unit holders should without fail cancel the cheque andwrite ‘Cancelled’ on the face of it to prevent anypossible misuse.

(ii) Where such name is not printed on the originalcheque, the Unit holder may submit a letter from thebank on its letterhead certifying that the Unit holdermaintains/ maintained an account with the bank, thebank account information like bank account number,bank branch, account type, the MICR code of thebranch & IFSC Code (where available).

INSTRUCTIONS (contd...)(iii) In case of non-availability of any of these documents,

a copy of the bank pass book or a statement of bankaccount having the name and address of the accountholder and account number.

(In respect of (ii) and (iii) above, they should be certifiedby the bank manager with his / her full signature, name,employee code, bank seal and contact number).

(iv) Unit holders may also bring a copy of any of thedocuments mentioned in (iii) above along with theoriginal documents to the ISCs/Official Points ofAcceptance of HDFC Mutual Fund. The copy of suchdocuments will be verified with the original documentsto the satisfaction of HDFC Mutual Fund. The originalsdocuments will be returned across the counter to theUnit holder after due verification.

In the event of a request for change in bank accountinformation being invalid / incomplete / not satisfactory inrespect of signature mismatch/document insufficiency /not meeting any requirements more specifically asindicated in clauses (i) - (iv) above, the request for suchchange will not be processed. Redemptions / dividendpayments, if any, will be processed and the last registeredbank account information will be used for such paymentsto Unit holders. Unit holders may note that it is desirableto submit their requests for change in bank details atleast7 days prior to date of redemption / dividend payment, ifany. Further, in the event of a request for redemption ofunits being received within seven days of a request forchange in bank account details, the normal processingtime as specified in the Scheme Information Documentmay not necessarily apply, however it shall be within theregulatory limits.

Unit holders are advised to provide their contact detailslike telephone numbers, mobile numbers and email IDs toHDFC Mutual Fund in writing.

The Trustee reserves the right to amend the aforesaidrequirements.

C. Multiple Bank Account Registration:The Mutual Fund has also provided a facility to the investorsto register multiple bank accounts. By registering multiplebank accounts, the investors can use any of the registeredbank accounts to receive redemption / dividend proceeds.These account details will be used by the AMC/ MutualFund /R&TA for verification of instrument used forsubscription to ensure that a third party paymentinstrument is not used for mutual fund subscription, exceptas cases enumerated in Instruction 8.2a. Investors arerequested to avail the facility of registering multiple bankaccounts by filling in the 'Multiple Bank AccountsRegistration Form' available at our Investor Service Centres(ISCs) or on our website www.hdfcfund.com.

D. Indian Financial System Code (IFSC)IFSC is a 11 digit number given by some of the banks onthe cheques. IFSC will help to secure transfer of redemptionand dividend payouts via the various electronic mode oftransfers that are available with the banks.

6. Default Plan / OptionIn case of valid applications received without indicatingany choice of Plan/ Option, the following Default Plan /Option will be considered:

Scheme Name Default Plan / Option

� HDFC Income Fund � Growth Option in� HDFC Gilt Fund case Growth Option� HDFC Short Term or Dividend Option

Plan is not indicated.� HDFC Short Term � Dividend Payout in

Opportunities Fund case Dividend� HDFC Medium Term Payout or Dividend

Opportunities Fund Reinvestment isnot indicated underthe Dividend Option.

� HDFC Liquid Fund � Growth Option in caseGrowth Option orDividend Option is notindicated.

� Daily DividendReinvestment Option incase Daily DividendOption, Weekly DividendOption or MonthlyDividend Option is notindicated under theDividend Option.

� HDFC Liquid Fund � Growth Option in case– Premium Plan and Growth Option orPremium Plus Plan Dividend Option

is not indicated.

� Daily DividendReinvestment Option incase Daily Dividend Optionor Weekly DividendOption is not indicatedunder the Dividend Optionof HDFC Liquid Fund –Premium Plan

� HDFC Cash � Treasury AdvantageManagement Fund Plan – Retail OptionSavings Plan, with Weekly DividendTreasury Advantage Reinvestment OptionPlan – in case Savings Plan,Retail Option & Treasury AdvantageWholesale Option Plan or Call Plan isand Call Plan not indicated.

� HDFC Cash � Growth Option in caseManagement Fund Dividend Option or Growth– Savings Plan Option is not indicated.

� Daily DividendReinvestment in case Dailyor Weekly, DividendOption is not indicated.

� HDFC Cash � Retail Option in caseManagement Fund– Retail Option orTreasury Advantage Wholesale Option isPlan – Retail Option not indicated.

& Wholesale Option� Growth Option in case

Dividend Option orGrowth Option is notindicated.

� Daily DividendReinvestment in case Daily,Weekly or MonthlyDividend Option is notindicated.

� Dividend reinvestment incase Payout orreinvestment is notindicated.

� HDFC Cash � Growth Option in caseManagement Fund– Daily Dividend OptionCall Plan or Growth Option is

not indicated.

� HDFC High Interest � Growth Option in caseFund Dividend Option or

Growth Plan is notindicated.

� Quarterly DividendPayout in caseQuarterly DividendOption, Half YearlyDividend Option andYearly Dividend Optionis not indicated underthe Dividend Option.



INSTRUCTIONS (contd...)

� HDFC High Interest � Growth Option inFund - Short Term case Dividend OptionPlan or Growth Option is

not indicated.

� Dividend Payout incase Dividend Payoutor DividendReinvestment is notindicated under theDividend Option.

� HDFC Floating Rate � Short Term Plan withIncome Fund – Growth Option inShort Term Plan & case Short TermLong Term Plan or Long Term Plan

is not indicated.

� Growth Option incase Growth orDividend Option isnot indicated.

� HDFC Floating Rate � Retail Option in caseIncome Fund – Retail Option orShort Term Plan – Wholesale Option isRetail Option & not indicated.

Wholesale Option � Growth Option incase Dividend Optionor Growth Option isnot indicated.

� Daily DividendReinvestment in caseDaily, Weekly orMonthly DividendOption is notindicated.

� Dividend reinvestmentin case Payout orreinvestment is notindicated.

7. Mode of Payment :

� Pay-In Bank Account

An investor at the time of his/her purchase

of units must provide the details of his / her

pay-in bank account (i.e. account from

which a subscription payment is being made)

in Section 8 in the Application Form.

� Resident Investors

(a) For Investors having a bank account with

HDFC Bank Limited or such banks with

whom the AMC would have an arrangement

from time to time:

Payment may be made for subscription to

the Units of the Scheme either by issuing a

cheque drawn on such banks or by giving a

debit mandate to their account with a

branch of HDFC Bank Limited situated at the

same location as the ISC or such other banks

with whom the AMC would have an

arrangement from time to time.

(b) For other Investors not covered by (a) above:

Payment may be made by cheque or bank

draft drawn on any bank, which is situated

at and is a member of the Bankers’ Clearing

House, located at the place where the

application is submitted. No cash, money

orders, outstation cheques, post-dated

cheques [except through Systematic

Investment Plan (SIP)] and postal orders will

be accepted. Bank charges for outstation

demand drafts will be borne by the AMC

and will be limited to the bank charges

stipulated by the State Bank of India.

Outstation Demand Draft has been defined

as a demand draft issued by a bank where

there is no ISC available for Investors. The

AMC will not accept any request for refund

of demand draft charges, in such cases.

� NRIs, FIIs

� Repatriation Basis

� In the case of NRIs, payment may be made

either by inward remittance through

normal banking channels or out of funds

held in his Non - Resident (External) Rupee

Account (NRE) / Foreign Currency (Non-

Resident) Account (FCNR). In case Indian

rupee drafts are purchased abroad or from

Foreign Currency Accounts or Non-resident

Rupee Accounts an account debit

certificate from the Bank issuing the draft

confirming the debit shall also be enclosed.

� FIIs shall pay their subscription either by

inward remittance through normal

banking channels or out of funds held in

Foreign Currency Account or Non-

Resident Rupee Account maintained by

the FII with a designated branch of an

authorised dealer.

� Non-repatriation Basis

� In the case of NRIs, payment may be made

either by inward remittance through

normal banking channels or out of funds

held in his NRE / FCNR / Non-Resident

Ordinary Rupee Account (NRO). In case

Indian rupee drafts are purchased abroad

or from Foreign Currency Accounts or

Non-resident Rupee Accounts an account

debit certificate from the Bank issuing the

draft confirming the debit shall also be

enclosed.

In order to prevent frauds and misuse of

payment instruments, the investors are

mandated to make the payment instrument

i.e. cheque, demand draft, pay order, etc.

favouring either of the following given

below and crossed “Account Payee only".

Investors are urged to follow the order of

preference in making the payment

instrument favouring as under:

1. 'the Specific Scheme A/c Permanent

Account Number' or

2. 'the Specific Scheme A/c First Investor

Name'

E.g. In case of HIF the cheque should be

drawn in favour of "HDFC Income FundA/c ABCDE1234F" OR "HDFC IncomeFund A/c Bhavesh Shah"; in case of HGILT,

HCMF, HHIF, HFRIF the name of the

respective Plan should also be mentioned.

A separate cheque or bank draft must

accompany each Scheme / each Plan.

Returned cheque(s) are liable not to be

presented again for collection, and the

accompanying Application Form is liable to

be rejected. In case the returned cheque(s)

are presented again, the necessary charges

are liable to be debited to the Investor.

8. Third Party Payments

1. HDFC Asset Management Company Limited

("AMC") / HDFC Mutual Fund ("Mutual

Fund"), shall not accept applications for

subscriptions of units accompanied with

Third Party Payments except in cases as

enumerated in para 8.2a below.

"Third Party Payment" means payment made

through an instrument issued from a bank

account other than that of the first named

applicant/ investor mentioned in the

application form. In case of payment

instruments issued from a joint bank

account, the first named applicant/ investor

must be one of the joint holders of the bank

account from which the payment instrument

is issued.

Illustrations

Illustration 1: An Application submitted in joint

names of A, B & C alongwith cheque issued

from a bank account in names of C, A & B. This

is a valid application and will not be considered

as Third Party Payment.



from a bank account in name of A. This is a

valid application and will not be considered as

Third Party Payment.



from a bank account in names of B, C & Y. This

will be considered as Third Party Payment.

2a.As referred to in para 8.1 above, following

are the exceptional cases where third party

payments will be accepted subject to

submission of requisite documentation/

declarations.

i) Payment by Parents/Grand-Parents/

Related Persons* on behalf of a minor in

consideration of natural love and

affection or as gift for a value not

exceeding S 50,000 for each regular

purchase or per SIP installment;

ii) Payment by employer on behalf of

employee under Systematic Investment

Plan (SIP) facility through payroll

deductions;

iii) Custodian on behalf of an FII or a Client.

* 'Related Person' means any person

investing on behalf of a minor in

consideration of natural love and affection

or as a gift.

2b.For investments through third party

payments, Investors must accompany the

'Third Party Payment Declaration Form'

(available at any of our ISCs or on our

website www.hdfcfund.com) along with the

Application Form for subscription of units.

3. The Mutual Fund shall adopt the following

procedures to ascertain whether payments

are Third Party Payments and investors are

therefore required to comply with the

requirements specified hereinbelow.

(i) Source of funds - if paid by cheque

Identification of third party cheques by

the AMC/ Mutual Fund/ Registrar &

Transfer Agent (R&TA) will be on the basis

of either matching of pay-in bank

account details with pay-out bank

account details or by matching the bank

account number /name/signature of the

first named applicant /investor with the

name/account number/signature

available on the cheque. If the name is


24 HDFC Mutual Fund

not pre-printed on the cheque or

signature on the cheque does not match,

then the first named applicant / investor

should submit any one of the following

documents:

(a) a copy# of the bank passbook or a

statement of bank account having

the name and address of the account

holder and account number;

(b) a letter* (in original) from the bank

on its letterhead certifying that the

investor maintains an account with

the bank, along with information like

bank account number, bank branch,

account type, the MICR code of the

branch & IFSC Code (where

available).

# Investors should also bring the original

documents along with the documents

mentioned in (a) above to the ISCs/

Official Points of Acceptance of HDFC

Mutual Fund. The copy of such

documents will be verified with the

original documents to the satisfaction of

the AMC/ Mutual Fund/R&TA. The

original documents will be returned

across the counter to the investor after

due verification.

* In respect of (b) above, it should be

certified by the bank manager with his /

her full signature, name, employee code,

bank seal and contact number.

Investors should note that where the

bank account numbers have changed on

account of the implementation of core

banking system at their banks, any

related communication from the bank

towards a change in bank account

number should accompany the

application form for subscription of units.

The Mutual Fund has also provided a

facility to the investors to register multiple

bank accounts, as detailed in Instruction

No. 5C. Investors are requested to avail

the facility of registering multiple bank

accounts by filling in the 'Multiple Bank

Accounts Registration Form' available at

our Investor Service Centres (ISCs) or on

our website www.hdfcfund.com

(ii) Source of funds - if funded by pre-funded

instruments such as Pay Order, Demand

Draft, Banker's cheque etc.

Investors should attach a Certificate (in

original) from the issuing banker with the

purchase application, stating the Account

holder's name and the Account Number

which has been debited for issue of the

instrument. The said Certificate should

be duly certified by the bank manager

with his / her full signature, name,

employee code, bank seal and contact

number. The account number mentioned

in the Certificate should be a registered

bank account or the first named

applicant/ investor should be one of the

account holders to the bank account

debited for issue of such instruments.

(iii) Source of funds - if paid by RTGS, Bank

Account-to-Account Transfer, NEFT, ECS, etc.

Investors should attach to the purchase

application form, an acknowledged copy

of the instruction to the bank also stating

the account number debited. The

account number mentioned on the

transfer instruction copy should be a

registered bank account or the first

named applicant/ investor should be one

of the account holders to the bank

account debited for such electronic

transfer of funds.

(iv) Source of funds - if paid by a pre-funded

instrument instruments issued by the Bank

against Cash

The AMC/Mutual Fund /R&TA will not

accept any purchase applications from

investors if accompanied by a pre-funded

instrument issued by a bank (such as Pay

Order, Demand Draft, Banker's cheque)

against cash for investments of S 50,000

or more. The investor should submit a

Certificate (in original) obtained from the

bank giving name, address and PAN (if

available) of the person who has

requested for the payment instrument.

The said Certificate should be duly

certified by the bank manager with his /

her full signature, name, employee code,

bank seal and contact number. The AMC

/ Mutual Fund /R&TA will check that the

name mentioned in the Certificate

matches with the first named investor.

9. E-mail Communication

Account Statements / Newsletters / Annual

Reports / Other statutory information (as may

be permitted under SEBI (Mutual Funds)

Regulations, 1996) can be sent to each Unit

holder by courier / post / e-mail.

Unit holders who have opted to receive these

documents by email will be required to

download and print the documents after

receiving e-mail from the Mutual Fund. Should

the Unit holder experience any difficulty in

accessing the electronically delivered

documents, the Unit holder shall promptly

advise the Mutual Fund to enable the Mutual

Fund to make the delivery through alternate

means. It is deemed that the Unit holder is

aware of all security risks including possible third

party interception of the documents and

contents of the documents becoming known

to third parties.

The Newsletter, shall be displayed at the website

of the Mutual Fund. The Unit holders can

request for a copy of the Newsletter by post /

e-mail. The AMC would arrange to dispatch

these documents to the concerned Unit holder.

10.Mode of Payment of Redemption / DividendProceeds-via Direct Credit / Neft / ECS

� Direct Credit

The AMC has entered into arrangements

with eleven banks to facilitate direct credit

of redemption and dividend proceeds (if any)

into the bank account of the respective Unit

holders maintained with any of these banks.

These banks are: ABN AMRO Bank N.V., Axis

Bank Ltd., Citibank N.A., Deutsche Bank AG,

HDFC Bank Limited, The Hongkong and

Shanghai Banking Corporation, ICICI Bank

Limited, IDBI Bank Limited, Kotak Mahindra

Bank Ltd., Standard Chartered Bank and YES


Bank Limited. The list of banks is subject to

change from time to time.

� National Electronic Funds Transfer (NEFT)

The AMC provides the facility of ‘National

Electronic Funds Transfer (NEFT)’ offered by

Reserve Bank of India(RBI), which aims to

provide credit of redemption and dividend

payouts (if any) directly into the bank

account of the Unit holder maintained with

the banks (participating in the NEFT System).

Unit holders can check the list of banks

participating in the NEFT System from the

RBI website i.e. www.rbi.org.in or contact

any of our Investor Service Centres.

However, in the event of the name of Unit

holder’s bank not appearing in the ‘List of

Banks participating in NEFT’ updated on RBI

website www.rbi.org.in, from time to time,

the instructions of the Unit holder for

remittance of redemption/ dividend (if any)

proceeds via NEFT System will be

discontinued by HDFC Mutual Fund / HDFC

Asset Management Company Limited

without prior notice to the Unit holder and

the payouts of redemption / dividend (if any)

proceeds shall be effected by sending the

Unit holder(s) a cheque / demand draft.

For more details on NEFT or for frequently

asked questions (FAQs) on NEFT, Unit holders

are advised to visit the RBI website

www.rbi.org.in / HDFC Mutual Fund website

www.hdfcfund.com

� Electronic Clearing Service (ECS)

Investors who have opted for the ECS facility

of RBI for dividend payment will receive a

direct credit of the amount due to them in

their mandated account whenever the

payment is made through ECS. A separate

advice regarding credit of amount(s) via ECS

will be sent to the unit holder. It should be

noted that while the Mutual Fund will make

all efforts, there is no commitment that this

facility will be made available to all desirous

investors.

Applicants in cities not covered under ECS

facility will receive dividend payments , if any

by cheques or demand drafts and the same

will be mailed to the Unit holders. Please note

that the ECS Facility is available only in respect

of dividend payments and not in the case of

Redemption of Units.

Therefore, the Investors will receive their

redemption / dividend proceeds (if any)

directly into their bank accounts in the

following order:

(i) In case the bank account of an investor is

covered under Direct Credit facility then the

payment of redemption / dividend proceeds

(if any) will happen via direct credit payout

mode only. Investors having these bank

accounts will not receive payouts via NEFT/

ECS*

(ii) In case the bank account of an investor is

not covered under Direct Credit facility but

covered under NEFT system offered by the

RBI then the payment of redemption

(maturity) / dividend proceeds (if any) shall

be effected via NEFT mechanism only.

(iii) The facility for payment of dividend

proceeds, if any via ECS* shall be affected


only in case the bank account of an investor

is not covered under the Direct Credit facility

or NEFT system.

* available only in respect of dividend payments.

Each of the above facilities aims to provide direct

credit of the redemption proceeds and dividend

payouts (if any) into the bank account (as furnished

in Section 4 of the Application Form) of the Unit

holder and eliminates the time lag between

despatch of the cheque, its receipt by the Unit

holders and the need to personally bank the

instrument and await subsequent credit to the Unit

holders account. Further, the potential risk of loss

of instruments in transit through courier / post is

also eliminated. Each of the said facility as a mode

of payment, is faster, safer and reliable.

In case the bank account as communicated by the

Unit holder is with any of the said banks with whom

the AMC has entered into arrangements to

facilitate such direct credits or with any of the banks

participating in the NEFT System offered by RBI,

the AMC shall automatically extend this facility to

the Unit holders.

HDFC Asset Management Company Limited / HDFC

Mutual Fund shall not be held liable for any losses

/ claims, etc. arising on account of processing the

direct credit or credit via NEFT / ECS of redemption

/ dividend proceeds on the basis of Bank Account

details as provided by the unit holder in the

Application Form.

However, if the Unit holders are not keen on

availing of any of the said facilities and prefer

receiving cheques / demand drafts, Unit holders

may indicate their intention in the Application Form

in the space provided specifically. The AMC would

then ensure that the payouts are effected by

sending the Unit holders a cheque / demand draft.

In case of unforeseen circumstances, the AMC

reserves the right to issue a cheque / demand draft.

11. eServices facility

The eServices facility includes HDFCMFOnline,

HDFCMFMobile, eDocs, eAlerts and ePayouts.

HDFCMFOnline

This facility enables investors to transact online

on www.hdfcfund.com using HDFCMFOnline. On

HDFCMFOnline, Unitholders can execute

transactions online for purchase*, redemption,

switch and also register for Systematic

Investment Plan (SIP) / Systematic Transfer Plan

(STP) of units of schemes of HDFC Mutual Fund

and other services as may be introduced by

HDFC Mutual Fund from time to time.

Unitholders can also view account details and

portfolio valuation online, download account

statements and request for documents via

email, besides other options.

* facility available with select banks and subject

to submission of Permanent Account Number

(PAN) and Know Your Customer (KYC)

compliance proof by all Unitholder(s). Please

refer to paragraphs on Permanent Account

Number (PAN) and Know Your Customer (KYC)

for further details.

HDFCMFMobile

This facility enables investors to transact on their

mobile handsets. On HDFCMFMobile, Unitholders

can execute transactions on their mobile phone

for purchase*, redemption or switching of units

of schemes of HDFC Mutual Fund and other

services as may be introduced by HDFC Mutual

Fund from time to time. Unitholders can also

view account details and portfolio valuation on

their mobile phone, request for account

statements, besides other options.

* Payment arrangement for purchase of units

is available at present with HDFC Bank only.

Please visit our website from time to time for

an updated list of banks. You also need to have

opted for the mobile-banking facility with your

Bank. As per RBI’s operative guidelines on

Mobile banking dated December 24, 2009,

presently there is a restriction of M 50,000 per

customer per day for transactions.

eDocs

This facility enables the Unit holder to receive

documents viz. account statements, etc. by

email to the email address provided by the Unit

holder in HDFCMF eServices Request Form.

eAlerts

This facility enables the Unit holder to receive

SMS confirmation for purchase, redeem or

switch, dividend declaration details and other

alerts.

Apart from above mentioned facilities, the

facility of ePayouts comprising of mode of

payment of Redemption / Dividend Proceeds if

any, via Direct Credit / NEFT / ECS is covered

under eServices facility for further details, please

refer eServices booklet available at all Investor

Service Centres (ISCs) as well as on our website

on www.hdfcfund.com.

12. Signatures

Signature(s) should be in English or in any Indian

Language. Applications on behalf of minors

should be signed by their Guardian. In case of

a HUF, the Karta should sign the Application

Form on behalf of the HUF.

If you are investing through your Constituted

Attorney, please ensure that the Power of

Attorney is signed by you and your Constituted

Attorney. The signature in the Application Form,

then, needs to clearly indicate that the signature

is on behalf of the applicant by the Constituted

Attorney.

13. Nomination

The nomination can be made only by individuals

applying for/ holding units on their own behalf

singly or jointly. Non-individuals including society,

trust, body corporate, partnership firm, karta of

Hindu undivided family, holder of Power of

Attorney cannot nominate. If the units are held

jointly, all joint holders will sign the nomination

form.

Minor(s) can be nominated and in that event,

the name, address and signature of the guardian

of the minor nominee(s) shall be provided by

the unitholder. Nomination can also be in favour

of the Central Government, State Government,

a local authority, any person designated by

virtue of his office or a religious or charitable

trust.

The Nominee shall not be a trust, other than a

religious or charitable trust, society, body

corporate, partnership firm, karta of Hindu

undivided family or a Power of Attorney holder.

A nonresident Indian can be a Nominee subject

to the exchange controls in force, from time to

time.

Nomination in respect of the units stands

rescinded upon the transfer of units.

Nomination can be made for maximum number

of three nominees. In case of multiple nominees,

the percentage of allocation/share in favour of

each of the nominees should be indicated

against their name and such allocation/share

should be in whole numbers without any

decimals making a total of 100 percent.

In the event of the Unitholders not indicating

the percentage of allocation/share for each of

the nominees, HDFC Mutual Fund/ HDFC Asset

Management Company Limited (AMC), by

invoking default option shall settle the claim

equally amongst all the nominees.

Transfer of units in favour of Nominee(s) shall

be valid discharge by the AMC against the legal

heir.

The cancellation of nomination can be made

only by those individuals who hold units on their

own behalf singly or jointly and who made the

original nomination.

On cancellation of the nomination, the

nomination shall stand rescinded and the AMC

shall not be under any obligation to transfer

the units in favour of the Nominee(s).

14. Permanent Account Number

SEBI has made it mandatory for all applicants

(in the case of application in joint names, each

of the applicants) to mention his/her permanent

account number (PAN) irrespective of the

amount [Except for SIP upto S 50,000/- per year

per investor (Micro SIP)]. Where the applicant

is a minor, and does not posses his / her own

PAN, he / she shall quote the PAN of his/ her

father or mother or the guardian, as the case

may be. However PAN is not mandatory in the

case of Central Government, State Government

entities and the officials appointed by the courts

e.g. Official liquidator, Court receiver etc (under

the category of Government) for transacting in

the securities market. HDFC Mutual Fund

reserves the right to ascertain the status of such

entities with adequate supporting documents.

Applications not complying with the above

requirement may not be accepted/ processed.

For further details, please refer Section

'Permanent Account Number' under Statement

of Additional Information available at on our

website www.hdfcfund.com.

15. Prevention of Money Laundering

SEBI vide its circular reference number ISD/CIR/

RR/AML/1/06 dated January 18, 2006 mandated

that all intermediaries including Mutual Funds

should formulate and implement a proper policy

framework as per the guidelines on anti money

laundering measures and also to adopt a Know

Your Customer (KYC) policy.

The Investor(s) should ensure that the amount

invested in the Scheme is through legitimate

sources only and does not involve and is not

designated for the purpose of any contravention

or evasion of the provisions of the Income Tax

Act, Prevention of Money Laundering Act,

Prevention of Corruption Act and / or any other

applicable law in force and also any laws

enacted by the Government of India from to

time or any rules, regulations, notifications or

directions issued thereunder.


26 HDFC Mutual Fund

CHECKLIST

� Please ensure that your Application Form is complete in all respect and signed by all applicants:

� Name, Address and Contact Details are mentioned in full. � Status of First/Sole Applicant is correctly indicated. � Bank Account Details are entered completely and correctly.� Permanent Account Number (PAN) of all Applicants is mentioned irrespective of the amount of purchase and proof attached (if not already validated). � Please attach proof of KYCCompliance status � Appropriate Plan / Option is selected. If the Dividend Option is chosen, Dividend Payout or Re-investment is indicated. � If units are applied by more than oneapplicant, Mode of Operation of account is indicated.

� Your investment Cheques and bank drafts must be drawn in favour of 'the Specific Scheme A/c Permanent Account Number' or 'the Specific Scheme A/c First Investor Name' dated,signed and crossed ‘A/c Payee only’. Application Number / Folio No. is mentioned on the reverse of the Cheque/DD.

� Documents as listed below are submitted along with the Application Form (as applicable to your specific case).

Documents Companies Trusts Societies Partnership LLP FIIs NRI Investments throughFirms Constituted Attorney

1. Resolution / Authorisation to invest � � � � � �

2. List of Authorised Signatories with Specimen Signature(s) � � � � � � � �

3. Memorandum & Articles of Association �

4. Trust Deed �

5. Bye-Laws �

6. Partnership Deed / LLP Agreement (as applicable) � �

7. Notarised Power of Attorney �

8. Account Debit Certificate in case payment is made byDD from NRE / FCNR A/c. where applicable �

9. Certificate of Incorporation �

10. PAN Proof � � � � � � � �

11. KYC Acknowledgement Letter (or erstwhile Mutual FundIdentification Number (MIN) allotment letter) / Print out ofKYC Compliance Status downloaded from CDSL Ventures Ltd.website (www.cvlindia.com) using PAN Number � � � � � � � �

All documents in 1 to 6 above should be originals or true copies certified by the Director / Trustee / Company Secretary / Authorised Signatory / Notary Public, as applicable.

To ensure appropriate identification of the

Investor(s) and with a view to monitor

transactions for the prevention of money

laundering, HDFC AMC/ HDFC Mutual Fund

reserves the right to seek information, record

investor's telephonic calls and or obtain and

retain documentation for establishing the

identity of the Investor(s), proof of residence,

source of funds, etc. It may re-verify identity

and obtain any incomplete or additional

information for this purpose.

HDFC Mutual Fund, HDFC AMC, HDFC Trustee

Company Limited ("HDFC Trustee") and their

Directors, employees and agents shall not be

liable in any manner for any claims arising

whatsoever on account of freezing the folios/

rejection of any application / allotment of Units

or mandatory redemption of Units due to non

compliance with the provisions of the Act, SEBI/

AMFI circular(s) and KYC policy and / or where

the AMC believes that transaction is suspicious

in nature within the purview of the Act and SEBI/

AMFI circular(s) and reporting the same to FIU-

IND.

For further details, please refer Section

'Prevention of Money Laundering' under the

Statement of Additional Information available

on our website www.hdfcfund.com.


16. Know Your Customer (KYC) Compliance

Investors should note that it is mandatory for all

applications for subscription by the following

category of investors, to quote the KYC

Compliance Status of each applicant (guardian

in case of minor) in the application for

subscription and attach proof of KYC Compliance

viz. KYC Acknowledgement Letter (or the

erstwhile Mutual Fund Identification Number#

(MIN) Allotment Letter) / Printout of KYC

Compliance Status downloaded from CVL

website (www.cvlindia.com) using the PAN

Number:

� For Individual Investors (not investing through

the Channel Distributors route, as defined

below), if the subscription value is M 50,000/-

and above.

� For the following category of investors,

irrespective of the amount of investment:

1. All non-individual investors such as

Companies, Body Corporates, Association

of Persons, Banks, Financial Institutions,

Funds, Trusts, Societies, Hindu Undivided

Family (HUF), Partnership Firms, Limited

Liability Partnerships (LLPs), Foreign

Institutional Investors (FIIs), etc;

2. Non Resident Indians (NRIs) [including

Persons of Indian Origin (PIOs)];

3. Investors (individuals and non-individuals)

investing through the Channel

Distributors* route.

*Channel Distributors are those distributors who

have an arrangement with HDFC Asset

Management Company Limited (HDFC AMC)

wherein they will submit the mutual fund

transactions details (viz. subscriptions/

redemptions/switches, other non-financial

transactions etc.) of their clients electronically to

HDFC AMC.

In the event of non compliance of KYC

requirements, the Trustee/AMC reserves the right

to freeze the folio of the investor(s) and affect

mandatory redemption of unit holdings of the

investors at the applicable NAV, subject to

payment of exit load, if any

#Valid only where investors who have already

obtained the erstwhile MIN by submitting the

PAN copy as the proof of identity.

For further details, please refer Section 'Know

Your Customer (KYC) Compliance' in the

Statement of Additional Information available

on our website www.hdfcfund.com

Continuing a tradition of trust.

Application Form for Debt SchemesHDFC INCOME FUND • HDFC SHORT TERM PLAN • HDFC SHORT TERM OPPORTUNITIES FUND

HDFC MEDIUM TERM OPPORTUNITIES FUND • HDFC LIQUID FUND • HDFC HIGH INTEREST FUND

HDFC FLOATING RATE INCOME FUND • HDFC CASH MANAGEMENT FUND • HDFC GILT FUND

Offer of Units At Applicable NAVInvestors must read the Key Information Memorandum and the instructions before completing this Form. The Application Form should be completed in English and in BLOCK LETTERS only.

CDQ

... continued overleaf

SAVINGS CURRENT NRE NRO FCNR OTHERS _______________________ (please specify)

3b. POWER OF ATTORNEY (PoA) HOLDER DETAILS

NAME OF PoA

Mr. Ms. M/s.

PAN# [Please tick (�)] KYC Compliance Status** YES NO # Refer instruction no. 14. ** Refer instruction No 16.

3a. UNIT HOLDER INFORMATION (refer instruction 4)

1. EXISTING UNIT HOLDER INFORMATION (If you have existing folio, please fill in your folio number in section 1 and proceed to section 5. Refer instruction 3).

The details in our records under the folio number mentioned alongside will apply for this application.Folio No.

KEY PARTNER / AGENT INFORMATION

Name and AMFI Reg. No. (ARN) Sub Agent’s name and Code/

Bank Branch Code

M O Code

ARN-Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.

Date of Receipt Folio No. Branch Trans. No. ISC Name & Stamp

FOR OFFICE USE ONLY

2.

Resident Individual

HUF

Minor through guardian

Society / Club

NRI-Repatriation

AOP

BOI

Others __________________________________________ (please specify)

NRI-Non Repatriation

PIO

Body Corporate

Partnership

Company

LLP

Trust

FIIs

MODE OF HOLDING

[Please tick (�)]

Single

Joint

Anyone or Survivor

OCCUPATION (of First/Sole Applicant)

[Please tick (�)]

Service

Housewife

Agriculture

Others _______________________ (please specify)

Student

Business

Proprietorship

Professional

Retired

STATUS (of First/Sole Applicant)

[Please tick (�)]

CONTACT DETAILS OF FIRST / SOLE APPLICANT STD Code

Telephone : Off. Res. Mobile

# Please attach PAN Proof. If PAN is already validated please don’t attach any proof. Refer instruction No 14. ** Mandatory. If YES, attach proof. Refer instruction No 16.

OVERSEAS ADDRESS (Mandatory in case of NRIs /FIIs/PIOs) (P. O. Box Address may not be sufficient)

MAILING ADDRESS OF FIRST / SOLE APPLICANT (P.O. Box Address may not be sufficient)

CITY STATE PIN CODE

NAME OF THE THIRD APPLICANT Resident Individual NRI [Mandatory Please tick (�)]

Mr. Ms. M/s.

NAME OF THE SECOND APPLICANT Resident Individual NRI [Mandatory Please tick (�)]

Mr. Ms. M/s.

NAME OF GUARDIAN (in case of First / Sole Applicant is a Minor) / NAME OF CONTACT PERSON – DESIGNATION (in case of non-individual Investors)

Nationality

Mr. Ms.

Contact No.Designation

PAN# KYC Compliance Status** YES NO

DATE OF BIRTH

(Mandatory in case of Minor)DD MM YYYYNAME OF FIRST / SOLE APPLICANT

Mr. Ms. M/s.

Nationality PAN# KYC Compliance Status** YES NO



4. BANK ACCOUNT (PAY-OUT) DETAILS OF THE FIRST / SOLE APPLICANT (refer instruction 5) Please note that as per SEBI Regulations it is mandatory for investors to provide their bank account details

Account Type [Please tick (�)]

IFSC Code***

*** Refer Instruction 5D (Mandatory for Credit via NEFT / RTGS) (11 Character code appearing on yourcheque leaf. If you do not find this on your cheque leaf, please check for the same with your bank)

ACKNOWLEDGEMENT SLIP (To be filled in by the Investor) [For any queries please contact our nearest Investor Service Centre or call us at our Customer Service Number 60006767 or 18002336767 (Toll Free)]

Date :

Received from Mr. / Ms. / M/s. ________________________________________________________________________________________________

an application for Purchase of Units of Scheme / Plan Name _________________________________________________________________________

Option / Sub-option: _______________________________________________________________ Payout Option: ____________________________

alongwith Cheque / DD as detailed overleaf. Please Note: All Purchases are subject to realisation of cheques / demand drafts.

ISC Stamp & Signature

HDFC MUTUAL FUND Head office : Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400020

(** Refer Instruction 10) (Mandatory for Dividend Payout via ECS) (The 9 digit code appears on your cheque next to the cheque number)

The 9 digit MICR Code number of my/our Bank & Branch is**

Fax Email

5. MODE OF PAYMENT OF REDEMPTION / DIVIDEND PROCEEDS VIA DIRECT CREDIT / NEFT / ECS (refer instruction 10)

Unitholders will receive redemption/ dividend proceeds directly into their bank account (as furnished in Section 4) via Direct credit/ NEFT/ECS facility

I/We want to receive the redemption / dividend proceeds (if any) by way of a cheque / demand draft instead of direct credit / credit through NEFT system / credit through ECS into my / our bank account

i) HDFCMFOnline & HDFCMFMobile - I/ We would like to register for my/our HDFCMF Personal Identification Number (HPIN) to transact onlineMandatory information to be provided:a) Email address: _______________________________________________________________________________________________________________________________(if the address given herein is different from the email address under section 3(a), the email address under section 6(i) will be considered during registration for HPIN).b) Mother's maiden name: ______________________________________________________________________________________________________________________I/ We have read and understood the terms and conditions and confirm that I/ we shall be bound by them (Terms & Conditions available in the eServices booklet as well as on our website)

ii) eDocs: I/ We wish to receive account statements, newsletters, annual reports and other statutory information documents by email in lieu of physical documents (Email address is mandatory).iii) eAlerts: I/ We would like to receive SMS updates (Mobile number in section 3(a) is mandatory).

6. eSERVICES OPTIONS (SAVE PAPER, SAVE TREES) [Please tick (�)] (refer instruction 11)

Account No. Name of the Bank

Branch Bank City

Particulars

7. INVESTMENT DETAILS (refer instruction 2 & 6)

SCHEME 1 SCHEME 2 SCHEME 3

Name of theScheme / Plan

Option /Sub-option

Payout Option} Refer Instruction No. 2


8. PAYMENT DETAILS (refer instruction 7 & 8) (Please write Application Form No. / Folio No. on the reverse of the Cheque / Demand Draft.) Please attach a separate Cheque/ Demand Draft for each Scheme. Please write

Cheque/DD in favour of 'the Specific Scheme A/c PAN' or 'the Specific Scheme A/c Investor Name'.

Cheque / DD No.

Cheque / DD Date

Amount of Cheque/DD/RTGS in figures (Rs.) (i)

DD charges, if any, in figures (Rs.) (ii)

Total Amount(i) + (ii)

in figures (Rs.)

in words

Pay-In Bank Account No. (For Cheque Only)

Account Type [Please (�)]

SAVINGS CURRENT

NRE NRO FCNR

OTHERS __________(please specify)

SAVINGS CURRENT

NRE NRO FCNR


SAVINGS CURRENT

NRE NRO FCNR


Drawn on Bank / Branch Name


Third Party Payment

(Please attach 'Third Party Payment Declaration Form')

Non-Third Party PaymentPayment Type [Please (�)]

11. DECLARATION & SIGNATURE/S (refer instruction 12) Please write Application Form No. / Folio No. on the reverse of

the Cheque / Demand Draft.First / Sole

Applicant /

Guardian

Second

Applicant

Third

Applicant

SIG

NATURE(S

)

I / We have read and understood the terms and contents of the Document(s) of the respective Scheme(s) andStatement of Additional Information of HDFC Mutual Fund. I / Wehereby apply to the Trustee of HDFC Mutual Fundfor allotment of Units of the Scheme(s) of HDFC Mutual Fund, as indicated above and agree to abide by the terms,conditions, rules and regulations of the relevant Scheme(s). I / We have understood the details of the Scheme(s)and I / we have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.The ARN holder (AMFI registered Distributor) has disclosed to me/us all the commissions (in the form of trail commission orany other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which theScheme is being recommended to me/us. I/We hereby declare that I/We am/are authorised to make this investmentand that the amount invested in the Scheme is through legitimate sources only and does not involve and is notdesigned for the purpose of any contravention or evasion of any Act, Rules, Regulations, Notifications or Directionsissued by any regulatory authority in India. I/We declare that the information given in this application form is correct,complete and truly stated.

I / We confirm that I am / We are Non-Resident of Indian Nationality / Origin and I / We hereby confirm that thefunds for subscription have been remitted from abroad through normal banking channels or from funds in my / ourNon-Resident External / Ordinary Account / FCNR Account.

Please ( �)

If Yes, ( �)

Yes No Repatriation basis Non-repatriation basis

DD MM YYYY

Applicable to NRIs only :

SIP Enrolment Form (For Investments through Post Dated Cheques)

SIP Enrolment Form (For Investments through Auto Debit/ECS/Standing Instruction)

STP Enrolment Form

Third Party Payment Declaration Form

Multiple Bank Account Registration Form

10. DOCUMENTS ENCLOSED (Please �)

Memorandum & Articles of Association Trust Deed Bye-Laws

Partnership Deed Resolution / Authorisation to invest

PAN Proof KYC Compliance Status Proof

Power of Attorney Certificate of Incorporation

LLP Agreement List of Authorised Signatories with Specimen Signature(s)

APPLICATIONS ENCLOSED (Please �)

9. NOMINATION (refer instruction 13)

I/ We ___________________________________________________________________________________ , ______________________________________________________________________________

and _____________________________________________________________________ *do hereby nominate the person(s) more particularly described hereunder/ and*/ cancel the nomination made

by me/ us on the _____________ day of _________________________ in respect of the Units under Folio No. _____________________________ (* strike out which is not applicable)

(Unit holder 1) (Unit holder 2)

(Unit holder 3)

Name and Address of Nominee(s)

Nominee 1

Nominee 2

Nominee 3

Date ofBirth

Name and Address of Guardian(to be furnished in case the Nominee is a minor) Signature of Guardian

Proportion* (%) by which theunits will be shared by each

Nominee (should aggregate to 100%)

Scheme Name / Plan / Option / Sub-option /Payout Option

Cheque / DD No. / Date

Drawn on (Name of Bank and Branch)

Amount in figures (R)


Application Form for Debt SchemesHDFC INCOME FUND • HDFC SHORT TERM PLAN • HDFC SHORT TERM OPPORTUNITIES FUNDHDFC MEDIUM TERM OPPORTUNITIES FUND • HDFC LIQUID FUND • HDFC HIGH INTEREST FUNDHDFC FLOATING RATE INCOME FUND • HDFC CASH MANAGEMENT FUND • HDFC GILT FUND


CDQ




NAME OF PoA

Mr. Ms. M/s.







Bank Branch Code

M O Code



FOR OFFICE USE ONLY

2.

Resident Individual

HUF


Society / Club

NRI-Repatriation

AOP

BOI



PIO

Body Corporate

Partnership

Company

LLP

Trust

FIIs

MODE OF HOLDING

[Please tick (�)]

Single

Joint

Anyone or Survivor


[Please tick (�)]

Service

Housewife

Agriculture


Student

Business

Proprietorship

Professional

Retired


[Please tick (�)]






CITY STATE PIN CODE


Mr. Ms. M/s.


Mr. Ms. M/s.


Nationality

Mr. Ms.



DATE OF BIRTH


Mr. Ms. M/s.






IFSC Code***



Date :









Fax Email








Branch Bank City

Particulars




Option /Sub-option





Cheque / DD No.

Cheque / DD Date




in figures (Rs.)

in words



SAVINGS CURRENT

NRE NRO FCNR


SAVINGS CURRENT

NRE NRO FCNR


SAVINGS CURRENT

NRE NRO FCNR




Third Party Payment





Applicant /

Guardian

Second

Applicant

Third

Applicant

SIG

NATURE(S

)



Please ( �)

If Yes, ( �)


DD MM YYYY




STP Enrolment Form











I/ We ___________________________________________________________________________________ , ______________________________________________________________________________




(Unit holder 3)


Nominee 1

Nominee 2

Nominee 3

Date ofBirth









Application Form for Debt SchemesHDFC INCOME FUND • HDFC SHORT TERM PLAN • HDFC SHORT TERM OPPORTUNITIES FUNDHDFC MEDIUM TERM OPPORTUNITIES FUND • HDFC LIQUID FUND • HDFC HIGH INTEREST FUNDHDFC FLOATING RATE INCOME FUND • HDFC CASH MANAGEMENT FUND • HDFC GILT FUND


CDQ




NAME OF PoA

Mr. Ms. M/s.







Bank Branch Code

M O Code



FOR OFFICE USE ONLY

2.

Resident Individual

HUF


Society / Club

NRI-Repatriation

AOP

BOI



PIO

Body Corporate

Partnership

Company

LLP

Trust

FIIs

MODE OF HOLDING

[Please tick (�)]

Single

Joint

Anyone or Survivor


[Please tick (�)]

Service

Housewife

Agriculture


Student

Business

Proprietorship

Professional

Retired


[Please tick (�)]






CITY STATE PIN CODE


Mr. Ms. M/s.


Mr. Ms. M/s.


Nationality

Mr. Ms.



DATE OF BIRTH


Mr. Ms. M/s.






IFSC Code***



Date :









Fax Email








Branch Bank City

Particulars




Option /Sub-option





Cheque / DD No.

Cheque / DD Date




in figures (Rs.)

in words



SAVINGS CURRENT

NRE NRO FCNR


SAVINGS CURRENT

NRE NRO FCNR


SAVINGS CURRENT

NRE NRO FCNR




Third Party Payment





Applicant /

Guardian

Second

Applicant

Third

Applicant

SIG

NATURE(S

)



Please ( �)

If Yes, ( �)


DD MM YYYY




STP Enrolment Form











I/ We ___________________________________________________________________________________ , ______________________________________________________________________________




(Unit holder 3)


Nominee 1

Nominee 2

Nominee 3

Date ofBirth








page 1



Third Party Payment Declaration Form should be completed in English and in BLOCK LETTERS only.(Please read the Third Party Payment Rules and Instructions carefully before completing this Form)

Date of Receipt

1. BENEFICIAL INVESTOR INFORMATION (Refer Instruction No. 2)

2. THIRD PARTY INFORMATION (Refer Instruction No. 3 )

NAME OF FIRST/SOLE APPLICANT (BENEFICIAL INVESTOR)

Declaration Form No.

NAME OF CONTACT PERSON & DESIGNATION (in case of non-Individual Third Party)

#Mandatory for any amount. Please attach PAN Proof. Refer instruction No. 6. ** Refer instruction No. 8.

FOR OFFICE USE ONLY

Nationality

NAME OF THIRD PARTY (PERSON MAKING THE PAYMENT)

RELATIONSHIP OF THIRD PARTY WITH THE BENEFICIAL INVESTOR (Refer Instruction No. 3) [Please tick (�) as applicable]

Status of the Minor FII Employee (s)Beneficial Investor Client

Relationship of Parent Custodian EmployerThird Party with Grand Parent SEBI Registration No. of Custodianthe Beneficial Related Person _________________________________________Investor _________________________________ Registration Valid Till

___________________( Please specify)

Declaration by I/We declare that the payment made on I/We declare that the payment is made on I/We declare that the payment is made onThird Party behalf of minor is in consideration of behalf of FII/ Client and the source of this behalf of employee(s) under Systematic

natural love and affection or as a gift. payment is from funds provided to us by FII/Client. Investment Plans through Payroll Deductions.

Application No.Folio No. (For existing investor)

Mr. Ms. M/s.

Mr. Ms. M/s.

PAN#

Designation

Mr. Ms.

CONTACT DETAILS STD Code

Tel. : Off. Tel. : Res. Mobile

Fax Email

MAILING ADDRESS (P.O. Box Address may not be sufficient)

CITY STATE PIN CODE

3. THIRD PARTY PAYMENT DETAILS (Refer Instruction No. 4)

Amount#

Cheque/DD/PO/UTR No.

in figures (M)

in words

SAVINGS CURRENT NRE NRO FCNR OTHERS ______________________ (please specify)

Pay- in Bank A/c No.

Branch


Name of the Bank

* HDFC Mutual Fund/HDFC Asset Management Company Limited ("HDFC AMC") reserves the right to seek information and /or obtain such otheradditional documents/information from the Third Party for establishing the identity of the Third Party.

Mode of Payment [Please tick (�)]

Cheque

Pay OrderDemand DraftBanker's Cheque

RTGSNEFTFund Transfer

Mandatory Enclosure(s)*

Certificate from the Issuing Banker stating the Bank Account Holder's Name and Bank AccountNumber debited for issue of the instrument.

Copy of the Instruction to the Bank stating the Bank Account Number which has been debited.

In case the account number and account holder name of the third party is not pre-printed onthe cheque then a copy of the bank passbook / statement of bank account or letter from thebank certifying that the third party maintains a bank account.

Bank City

Folio No. Branch Trans. No.

DD MM YYYY

D D M M Y Y Y Y

KYC** [Please tick (�)] Attached(Mandatory for any amount)

# including Demand Draft charges, if any.

Cheque/DD/PO/RTGS Date

page 2

4. DECLARATIONS & SIGNATURE/S (Refer Instruction 5)

I/We confirm having read and understood the Third Party Payment rules, as given below and hereby agree to be bound by the same.I/We declare that the information declared herein is true and correct, which HDFC Mutual Fund is entitled to verify directly or indirectly. I agree to furnish such further informationas HDFC Mutual Fund may require from me/us. I/We agree that, if any such declarations made by me/us are found to be incorrect or incomplete, HDFC Mutual Fund/HDFCAMC is not bound to pay any interest or compensation of whatsoever nature on the said payment received from me/us and shall have absolute discretion to reject / not processthe Application Form received from the Beneficial Investor(s) and refund the subscription monies.I/We hereby declare that the amount invested in the Scheme is through legitimate sources only and does not involve and is not designed for the purpose of any contraventionor evasion of any Act, Rules, Regulations, Notifications or Directions issued by any regulatory authority in India. I/We will assume personal liability for any claim, loss and/ordamage of whatsoever nature that HDFC Mutual Fund/HDFC AMC may suffer as a result of accepting the aforesaid payment from me/us towards processing of the transactionin favour of the beneficial investor(s) as detailed in the Application Form. Applicable to NRIs only :I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad throughnormal banking channels or from funds in my / our Non-Resident External / Ordinary Account /FCNR Account.

Please (�) Yes NoIf yes, (�) Repatriation basis

Non-repatriation basis

Signature of the Third Party

THIRD PARTY DECLARATION

I/We certify that the information declared herein by the Third Party is true and correct.I/We acknowledge that HDFC Mutual Fund reserves the right in its sole discretion to reject/notprocess the Application Form and refund the payment received from the aforesaid Third Partyand the declaration made by the Third Party will apply solely to my/our transaction as the beneficialinvestor(s) detailed in the Application Form. HDFC Mutual Fund/ HDFC AMC will not be liablefor any damages or losses or any claims of whatsoever nature arising out of any delay or failureto process this transaction due to occurrences beyond the control of HDFC Mutual Fund/HDFCAMC.Applicable to Guardian receiving funds on behalf of Minor only:I/We confirm that I/We are the legal guardian of the Minor, registered in folio and have noobjection to the funds received towards Subscription of Units in this Scheme on behalf of theminor.

BENEFICIAL INVESTOR(S) DECLARATION

DD MM YYYY

1. In order to enhance compliance with Know your Customer (KYC)norms under the Prevention of Money Laundering Act, 2002 (PMLA)and to mitigate the risks associated with acceptance of third partypayments, Association of Mutual Funds of India (AMFI) issued bestpractice guidelines on "risk mitigation process against third partyinstruments and other payment modes for mutual fund subscriptions".AMFI has issued the said best practice guidelines requiring mutualfunds/asset management companies to ensure that Third-Partypayments are not used for mutual fund subscriptions

2a. The following words and expressions shall have the meaning specifiedherein:

(a) "Beneficial Investor" is the first named applicant/ investor inwhose name the application for subscription of Units is appliedfor with the Mutual Fund.

(b) "Third Party" means any person making payment towardssubscription of Units in the name of the Beneficial Investor.

(c) "Third Party payment" is referred to as a payment made throughinstruments issued from a bank account other than that of thefirst named applicant/ investor mentioned in the application form.

Illustrations

Illustration 1: An Application submitted in joint names of A, B &C alongwith cheque issued from a bank account in names of B,C & Y. This will be considered as Third Party payment.

Illustration 2: An Application submitted in joint names of A, B &C alongwith cheque issued from a bank account in names of C,A & B. This will not be considered as Third Party payment.

Illustration 3: An Application submitted in joint names of A, B &C alongwith cheque issued from a bank account in name of A.This will not be considered as Third Party payment.

2b. HDFC Mutual Fund/ HDFC Asset Management Company Limited ('HDFCAMC') will not accept subscriptions with Third Party payments exceptin the following exceptional cases, which is subject to submission ofrequisite documentation/ declarations:

(i) Payment by Parents/Grand-Parents/Related Persons* on behalf ofa minor in consideration of natural love and affection or as giftfor a value not exceeding s 50,000/- each regular Purchase or perSIP installment. (This limit of s 50,000 shall not be applicablefor investments in HDFC Children's Gift Fund. However, theDonors will have to comply with all the requirementsspecified in 2c below)

(ii) Payment by Employer on behalf of employee(s) under SystematicInvestment Plan (SIP) Payroll deductions.

(iii) Custodian on behalf of an FII or a Client.

* 'Related Person' means any person investing on behalf of a minor inconsideration of natural love and affection or as a gift.

2c. Applications submitted through the above mentioned 'exceptionalcases' are required to comply with the following, without whichapplications for subscriptions for units will be rejected / not processed /refunded.

(i) Mandatory KYC for all investors (guardian in case of minor) andthe person making the payment i.e. third party.

(ii) Submission of a complete and valid 'Third Party PaymentDeclaration Form' from the investors (guardian in case of minor)and the person making the payment i.e. third party.

2d. Investor(s) are requested to note that any application for subscriptionof Units of the Scheme(s) of HDFC Mutual Fund accompanied withThird Party payment other than the above mentioned exceptional casesas described in Rule (2b) above is liable for rejection without anyrecourse to Third Party or the applicant investor(s).

THIRD PARTY PAYMENT RULES

The above mentioned Third Party Payment Rules are subject to change from time to time. Please contact any of the Investor Service Centresof HDFC AMC or visit our website www.hdfcfund.com for any further information or updates on the same.

DD MM YYYY

SIG

NA

TUR

E/S

First / SoleApplicant /Guardian

SecondApplicant

ThirdApplicant

page 3

1. GENERAL INSTRUCTIONS

Please read the terms of the Key Information Memorandum, the SchemeInformation Document (SID) and Statement of Additional Information (SAI)carefully before filling the Third Party Payment Declaration Form (hereinafterreferred to as 'Declaration Form').

The Declaration Form should be completed in ENGLISH and in BLOCKLETTERS only. Please tick in the appropriate box for relevantdeclarations wherever applicable. Please do not overwrite. For anycorrection / changes (if any) made in the Declaration Form, the correctionsmade shall be authenticated by canceling and re-writing the correct detailsand counter-signed by the Third Party and the Beneficial Investor(s).

Applications along with the Declaration Form completed in all respects, mustbe submitted at the Official Points of Acceptance / Investor Service Centres(ISCs) of HDFC Mutual Fund.

In case the Declaration Form does not comply with the above requirements,HDFC Mutual Fund /HDFC AMC retains the sole and absolute discretion toreject / not process such Declaration Form and refund the subscriptionmoney and shall not be liable for any such rejection.

2. BENEFICIAL INVESTOR INFORMATION

The Third Party should provide the Folio Number of the Beneficial Investoralready having an account in any of the HDFC Mutual Fund Schemes inSection 1. In case the Beneficial Investor does not have a Folio Number, theThird Party should mention the Application Number as stated in theApplication Form. Name must be written in full.

3. THIRD PARTY INFORMATION

"Third Party" includes the Parent, Grand Parent, Related Person, Custodian,or Employer, making payment towards subscription of Units in the name ofthe Beneficial Investor(s).

Full Name and relationship of Third Party with the Beneficial Investor mustbe provided.

The Relationship declared by the Third Party will suggest that the paymentmade on behalf of Beneficial Investor(s) is:

a. On behalf of a minor in consideration of natural love and affection oras gift for a value not exceeding s 50,000/- (which includes each regularpurchase or per SIP installment) made by Parents/Grand Parents/ RelatedPersons (This limit of s 50,000 shall not be applicable for investmentsin HDFC Children's Gift Fund); or

b. On behalf of employee under Systematic Investment Plans throughPayroll deductions made by Employer; or

c. On behalf of an FII or a Client made by the Custodian.

Mailing address and contact details of Third Party must be written in full.

4. THIRD PARTY PAYMENT DETAILS

Third Party must provide in the Declaration Form the details of the Pay-inBank Account i.e. account from which subscription payment is made in thename of the Beneficial Investor (s).

The Declaration Form with incomplete payment details shall berejected. The following document(s) is/are required to be submitted by ThirdParty as per the mode of payment selected:

(i) Source of funds - if paid by cheque

In case the account number and account holder name of the third party isnot pre-printed on the cheque, then the third party should provide any oneof the following documents:

1. a copy# of the bank passbook or a statement of bank account havingthe name and address of the account holder and account number;

2. a letter (in original) from the bank on its letterhead certifying that thethird party maintains an account with the bank, along with information

INSTRUCTIONS FOR THIRD PARTY PAYMENT DECLARATION FORM

like bank account number, bank branch, account type, the MICR codeof the branch & IFSC Code (where available). The said letter should becertified by the bank manager with his / her full signature, name,employee code, bank seal and contact number.

# the original documents along with the documents mentioned aboveshould be submitted to the ISCs / Official Points of Acceptance of HDFCMutual Fund. The copy of such documents will be verified with theoriginal documents to the satisfaction of the HDFC AMC/ HDFC MutualFund / Registrar and Transfer Agent. The original documents will bereturned across the counter after due verification.

(ii) Source of funds - if funded by pre-funded investments such asPay Order, Demand Draft, Banker's cheque etc.

A Certificate (in original) from the issuing banker with the purchaseapplication, stating the Account holder's name and the Account Numberwhich has been debited for issue of the instrument. The said Certificateshould be duly certified by the bank manager with his / her full signature,name, employee code, bank seal and contact number.

(iii) Source of funds - if paid by RTGS, Bank Account-to-AccountTransfer, NEFT, ECS, etc.

Acknowledged copy of the instruction to the bank stating the accountnumber debited.

(iv) Source of funds - if paid by a pre-funded instrument issued bythe Bank against Cash

HDFC AMC/HDFC Mutual Fund will not accept any purchase applicationsfrom investor if accompanied by a pre-funded instrument such as Pay Order,Demand Draft, Banker's cheque etc. issued by a bank against cash fundedby third party for investments of s 50,000/- or more. The third party shouldprovide a Certificate (in original) obtained from the bank giving name,address and PAN (if available) of the person who has requested for thepayment instrument. The said Certificate should be duly certified by the bankmanager with his / her full signature, name, employee code, bank seal andcontact number.

5. SIGNATURE(S)

Signature(s) should be in English or in any Indian Language. Declarations onbehalf of minors should be signed by their Guardian.

6. PERMANENT ACCOUNT NUMBER

It is mandatory for the Third Party to mention the permanent accountnumber (PAN) irrespective of the amount of Purchase*. In order to verify thatthe PAN of Third Party has been duly and correctly quoted therein, the ThirdParty shall attach along with the Declaration Form, a photocopy of the PANcard duly self-certified along with the original PAN card. The original PANCard will be returned immediately across the counter after verification.

*includes fresh/additional purchase, Systematic Investment Plan.

Declaration Forms not complying with the above requirement will not beaccepted/ processed.

For further details, please refer Section 'Permanent Account Number' underthe Statement of Additional Information available on our websitewww.hdfcfund.com.

7. PREVENTION OF MONEY LAUNDERING

SEBI vide its circular reference number ISD/CIR/RR/AML/1/06 dated January18, 2006 mandated that all intermediaries including Mutual Funds shouldformulate and implement a proper policy framework as per the guidelineson anti money laundering measures and also to adopt a Know Your Customer(KYC) policy.

The Third Party should ensure that the amount invested in the Scheme isthrough legitimate sources only and does not involve and is not designatedfor the purpose of any contravention or evasion of the provisions of theIncome Tax Act, Prevention of Money Laundering Act, Prevention ofCorruption Act and / or any other applicable law in force and also any laws

page 4

INSTRUCTIONS FOR THIRD PARTY PAYMENT DECLARATION FORM (contd.)

enacted by the Government of India from to time or any rules, regulations,notifications or directions issued thereunder.

To ensure appropriate identification of the Third Party and with a view tomonitor transactions for the prevention of money laundering, HDFC AMC/HDFC Mutual Fund reserves the right to seek information, record investor'stelephonic calls and or obtain and retain documentation for establishing theidentity of the third party, proof of residence, source of funds, etc. It mayre-verify identity and obtain any incomplete or additional information for thispurpose.

HDFC Mutual Fund, HDFC AMC, HDFC Trustee Company Limited ("HDFCTrustee") and their Directors, employees and agents shall not be liable in anymanner for any claims arising whatsoever on account of freezing the folios/rejection of any application / allotment of Units or mandatory redemptionof Units due to non compliance with the provisions of the Act, SEBI/AMFIcircular(s) and KYC policy and / or where the AMC believes that transactionis suspicious in nature within the purview of the Act and SEBI/AMFI circular(s)and reporting the same to FIU-IND.

For further details, please refer Section 'Prevention of Money Laundering'under the Statement of Additional Information available on our websitewww.hdfcfund.com.

8. KNOW YOUR CUSTOMER (KYC) COMPLIANCE

It is mandatory for the Third Party to quote the KYC Compliance Status andattach proof of KYC Compliance viz. KYC Acknowledgement Letter (orPrintout of KYC Compliance Status downloaded from CVL website(www.cvlindia.com) using the PAN Number. Declaration Form without a validKYC Compliance of Third Party will be rejected.

In the event of non-compliance of KYC requirements, HDFC Trustee/HDFCAMC reserves the right to freeze the folio of the investor(s) and affectmandatory redemption of unit holdings of the investors at the applicableNAV, subject to payment of exit load, if any.

For further details, please refer Section 'Know Your Customer (KYC)Compliance' under the Statement of Additional Information available on ourwebsite www.hdfcfund.com.

S

T

P

SYSTEMATIC

TRANSFER

PLAN

Enrolment FormEnrolment FormEnrolment FormEnrolment FormEnrolment Form(Please read terms & conditions overleaf)(Please read terms & conditions overleaf)(Please read terms & conditions overleaf)(Please read terms & conditions overleaf)(Please read terms & conditions overleaf)

Enrolment

Form No.



Bank Branch Code

M O Code

ARN-

FOR OFFICE USE ONLYDate of Receipt Folio No. Branch Trans. No.

Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the

investors’ assessment of various factors including the service rendered by the ARN Holder.Date:

I / We have read and understood the contents of the Scheme Information Document(s) of the respective Scheme(s) and Statement of Additional Information and theterms & conditions overleaf. I /We hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the STP of the following Scheme(s)/ Plan(s) / Option(s) andagree to abide by the terms and conditions of the respective Scheme(s) / Plan(s) / Option(s). The ARN holder (AMFI registered Distributor) has disclosed to me/usall the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Fundsfrom amongst which the Scheme is being recommended to me/us.

First / Sole Unit Holder / Guardian Second Unit Holder Third Unit Holder

Please note : Signature(s) should be as it appears on the Application Form and in the same order.

In case the mode of holding is joint, all Unit holders are required to sign.

Date:

Received from Mr./Ms./M/s. ___________________________________________ 'STP' applications(s) for transfer of Units;

from Scheme / Plan / Option _______________________________________________________________________________

to Scheme / Plan / Option __________________________________________________________________________________


Name of the First / Sole Applicant

Name of the Guardian(in case of First / Sole Applicant is a minor)

Name of the Second Applicant

Name of the Third Applicant

Particulars

1. Contact details of First /

Sole Unit Holder /Guardian(if not provided earlier)

2. Name of 'Transferor'

Scheme/Plan/Option

3. Name of 'Transferee'

Scheme/Plan/Option

4. Type of STP Plan/Frequency

(Please ✓ any one)

5. Receipt of Document(s)

by E-mail (Please ✓)

(Refer Item No. 13)

SIG

NA

TU

RE

(S)

Folio No. of 'Transferor' Scheme (for existing Unit holder) /

Application No. (for new investor)

Please (✓) any one. NEW REGISTRATION CANCELLATION

Mobile Tel.

Email

FSTP Amount of Transfer per Installment: Rs.______________

Daily#

Weekly$

No. of

Installments:

_______________

Monthly Quarterly

Date of Transfer (Please ✓ any one)

1st 5th 10th 15th 20th 25th

Enrolment Period*:

From:

To:

CASTP

ISC Name & Stamp

In case of insufficient space, please fill up separate Enrolment Forms.

#Refer Item No. 7 (a) $Refer Item No. 7 (b) * Refer Instruction No. 9 (b) / 9(c) overleaf.

ACKNOWLEDGEMENT SLIP (To be filled in by the Unit holder)

HDFC MUTUAL FUND

Regd. office : Ramon House, 3rd Floor, H.T. Parekh Marg,

169, Backbay Reclamation, Churchgate, Mumbai 400020

M M Y Y

M M Y Y

Monthly Quarterly

Date of Transfer (Please ✓ any one)

1st 5th 10th 15th 20th 25th

Enrolment Period*:

From:

To:

M M Y Y

M M Y Y

Enrolment

Form No.

D D M M Y Y

YES^ NO

^ The email address provided under Section 1 above will be considered for sending documents by email.

1. STP is a facility wherein unit holder(s) of designatedopen-ended scheme(s) of HDFC Mutual Fund can optto transfer a fixed amount or capital appreciationamount at regular intervals to designated open-endedschemes) of HDFC Mutual Fund. Currently, theschemes eligible for this facility are as follows,

HDFC Growth Fund, HDFC Equity Fund, HDFC Top200 Fund, HDFC Capital Builder Fund, HDFC IndexFund, HDFC Balanced Fund, HDFC Prudence Fund,HDFC Long Term Advantage Fund*, HDFCTaxSaver*, HDFC MF Monthly Income Plan (an open- ended income scheme, Monthly income is notassured and is subject to availability of distributablesurplus), HDFC Core & Satellite Fund, HDFC MultipleYield Fund, HDFC Multiple Yield Fund - Plan 2005,HDFC Arbitrage Fund, HDFC Premier Multi-Cap Fund,HDFC Mid-Cap Opportunities Fund, HDFC IncomeFund, HDFC High Interest Fund, HDFC Short TermPlan, HDFC Short Term Opportunities Fund, HDFCMedium Term Opportunities Fund, HDFC CashManagement Fund, HDFC Gilt Fund, HDFC FloatingRate Income Fund, HDFC Liquid Fund.

* an open-ended equity linked savings schemes witha lock-in period of 3 years. These schemes shall notbe eligible for Captial Appreciation SystematicTransfer Plan (CASTP).

The above list is subject to change from time to time.Please contact the nearest Investor Service Centre(ISC) of HDFC Mutual Fund for updated list.

2. The STP Enrolment Form should be completed in

English and in Block Letters only. Please tick (�) In

the appropriate box ( ), where boxes have beenprovided. The STP Enrolment Form complete in allrespects, should be submitted at any of the InvestorService Centres (ISCs) of HDFC Mutual Fund.

3. A single STP Enrolment Form can be filled for oneScheme/Plan/ Option only.

4. Investors are advised to read the Scheme InformationDocument(s) and Statement of Additional Informationof the Transferee Scheme(s) carefully beforeinvesting. The Scheme Information Document(s) andStatement of Additional Information/ Key InformationMemorandum(s) of the respective Scheme(s) andStatement of Additional Information are available withthe ISCs of HDFC Mutual Fund, brokers/distributorsand also displayed at the HDFC Mutual Fund websitei.e. www.hdfdund.com. Unitholders’ name shouldmatch with the details in the existing folio number,failing which, the application is liable to be rejected.

5. Unit holders should note that unit holders’ details andmode of holding (single, jointly, anyone or survivor)in the Transferee Scheme will be as per the existingfolio number of the Transferor Scheme, Units will beallotted under the same folio number.

6. STP offers unit holders the following two Plans:

i. Fixed Systematic Transfer Plan (FSTP)

ii Capital Appreciation Systematic Transfer Plan(CASTP)

FSTP offers transfer facility at daily, weekly,monthly and quarterly intervals and CASTP offerstransfer facility at monthly and quarterly intervals.Unit holder is free to opt for any of the Plans andalso choose the frequency of such transfers.

7. a. Under the FSTP -Daily Interval, unit holders willbe eligible to transfer a fixed amount (minimumRs. 500 and in multiples of Rs. 100 thereafter forschemes other than HDFC Long Term AdvantageFund* and HDFC TaxSaver* and minimum Rs. 500and in multiples of Rs. 500 thereafter for HDFCTaxSaver* and HDFC Long Term AdvantageFund*) on every Business Day.

b. Under the FSTP - Weekly Interval, unit holders willbe eligible to transfer a fixed amount (minimumRs. 1,000 and in multiples of Rs. 100 thereafterfor schemes other than HDFC Long TermAdvantage Fund* and HDFC TaxSaver* andminimum Rs. 500 and in multiples of Rs. 500thereafter for HDFC TaxSaver* and HDFC LongTerm Advantage Fund*) on every Friday (If Fridayis a Non-Business Day, then the immediate nextBusiness Day).

c. Under the FSTP - Monthly Interval, unit holderswill be eligible to transfer a fixed amount

(minimum Rs. 1,000 and in multiples of Rs. 100thereafter for schemes other than HDFCTaxSaver* and HDFC Long Term Advantage Fund*and minimum Rs. 500 and in multiples of Rs. 500thereafter for HDFC TaxSaver* and HDFC LongTerm Advantage Fund*) on the 1st, 5th, 10th, 15th,20th or 25th of each month.

d. Under the FSTP - Quarterly Interval, unit holderswill be eligible to transfer a fixed amount(minimum Rs. 3,000 and in multiples of Rs. 100thereafter for schemes other than HDFCTaxSaver* and HDFC Long Term Advantage Fund*and minimum Rs. 500 and in multiples of Rs. 500thereafter for HDFC TaxSaver* and HDFC LongTerm Advantage Fund*) on the 1st, 5th, 10th, 15th,20th or 25th of the first month of each quarter.The beginning of the quarter could be of anymonth e.g. April, August, October, November, etc.

In case there is no minimum amount (as specifiedabove under each Option) available in the unitholder’s account, the residual amount will betransferred to the Transferee Scheme and accountclosed.

If STP date is a non-Business Day, then the nextBusiness Day shall be the STP Date and the samewill be considered for the purpose of determiningthe applicability of NAV.

Unit holders should be aware that if they decide totake up this facility, there is possibility of erosion ofcapital e.g. If the unit holder decides to withdraw Rs.3,000 every quarter and the appreciation is Rs. 2,500,then such redemption proceeds will comprise of Rs2,500 from the capital appreciation and Rs. 500 fromthe unit holder’s capital amount.

*an open-ended equity linked savings scheme witha lock-in period of 3 years.

8. Under the CASTP- Monthly Interval, unit holders willbe eligible to transfer the entire capital appreciationamount (minimum Rs. 300) by way of capitalappreciation on the 1st, 5th, 10th, 15th, 20th or 25thof each month. Under the CASTP-Quarterly Interval,unit holders will be eligible to transfer the entirecapital appreciation amount (minimum Rs. 1,000) byway of capital appreciation on the 1st, 5th, 10th, 15th,20th or 25th of the first month of each quarter. Thebeginning of the quarter could be of any month e.g.April, August, October, November, etc. Please notethat no transfers will take place if there is no minimumcapital appreciation amount (except for last transferleading to closure of account). The capitalappreciation, if any, will be calculated from theenrolment date of the CASTP under the folio, till thefirst transfer date. Subsequent capital appreciation,if any, will be the capital appreciation between theprevious CASTP date (where redemption has beenprocessed and paid) and the next CASTP date e.g. ifthe appreciation is Rs. 3,500 in the first quarter andRs 3,000 in the second quarter, the unit holder willreceive only the appreciation i.e. Rs. 3,500 in the firstquarter and Rs. 3,000 in the second quarter.

9 a. i) The minimum number of installments underDaily FSTP is as follows:

� For schemes other than HDFC TaxSaver*and HDFC Long Term Advantage Fund*:

� where installment amount is less thanRs. 1,000/- : 12

� where installment amount is equal toor greater than Rs. 1,000/- : 6

� For HDFC TaxSaver* and HDFC Long TermAdvantage Fund*, 6

* an open-ended equity linked savings schemewith a lock-in period of 3 years.

(ii) There should be a minimum of 6 Installmentsfor enrolment under Weekly FSTP, MonthlyFSTP and CASTP and 2 installments forQuarterly FSTP and CASTP.

(iii) Also, the minimum unit holder’s accountbalance or a minimum amount of applicationat the time of STP enrolment in the TransferorScheme should be Rs. 12,000.

(iv) In case of FSTP Daily / Weekly Interval andMonthly/ Quarterly Interval, Unitholders arerequired to fill in the number of installmentsand the enrolment period respectively in the

Enrollment Form, failing which the Form isliable to be rejected.

b. In case of FSTP - Daily and Weekly Interval, thecommencement date shall be within 15 days fromthe date of receipt of a valid request. FSTP -Weekly will be registered effective from first Friday(if Friday is not a Business Day, then immediatelysucceeding Business Day) after 10 days from thedate of receipt of the valid SIP Enrolment Form.

c. The application for enrollment for FSTP - Monthly& Quarterly Interval and CASTP - Monthly &Quarterly Interval should be submitted at least 10Days before the commencement date of the same.However, there should be a maximum gap of 30days between the submission of a valid STPrequest and commencement date of the same.

d. There will be no maximum duration for STPenrolment.

e. Capital Appreciation Systematic Transfer Plan(CASTP) will be restricted to single enrolment per‘transferor scheme’ per folio.

10. In respect of STP enrollments made in the above-mentioned Scheme(s), the Load Structure prevalentat the time of enrollment shall govern the investorsduring the tenure of the STP.

Load structure for investments through STP to theSchemes eligible for this facility:

� Exit Load of the Transferor Scheme(s):

The amount transferred under the STP from theTransferor Scheme to the Transferee Scheme shallbe effected by redeeming units of Transferor Schemeat applicable NAV, after payment of any Exit Load, ifany, and subscribing to the units of the TransfereeScheme at Applicable NAV.

� Exit Load of the Transferee Scheme(s):

Applicable Exit Load, if any, in the TransfereeScheme / Plan / Option as on the date of enrollmentwill also be levied.

For Scheme load structure please refer to KeyInformation Memorandum or contact the nearestInvestor Service Centre (ISC) of HDFC Mutual Fundor visit our website www.hdfcfund.com.

11. STP will be automatically terminated if all units areliquidated or withdrawn from the Transferor Schemeor pledged or upon receipt of intimation of death ofthe unit holder.

12. The provision of ‘Minimum Redemption Amount’ asspecified in the Scheme Information Document(s) ofthe respective designated Transferor Schemes and‘Minimum Application Amount’ specified in the offerdocument(s) of the respective designated TransfereeSchemes will not be applicable for STP.

13. An Account Statement will be issued by mail or by e-mail (if opted by the unit holder) to the unit holderwithin 10 working days for the first investmentthrough STP. The subsequent account statement willbe despatched once every quarter ending March,June, September and December within 10 workingdays of the end of respective quarter. In case ofspecific request received from investors, MutualFund will provide the account statement to theinvestors within 5 working days from the receipt ofsuch request without any charges. Investors whowish to receive documents (Account Statement,Newsletter, Annual Report, other StatutoryInformation as may be permitted under SEBI (MutualFunds) Regulations, 1996) by email, should indicate

(�) in the appropriate box. Further, soft copy of the

account statement shall be mailed to the investorsunder STP to their e-mail address on a monthly basis,if so mandated.

14. Unit holders will have the right to discontinue theSTP facility at any time by sending a written requestto the ISC. Notice of such discontinuance should bereceived at least 10 days prior to the due date of thenext transfer date. On receipt of such request, theSTP facility will be terminated.

15. Units of HDFC Long Term Advantage Fund and HDFCTaxSaver cannot be assigned / transferred / pledged /redeemed / switched - out until completion of 3 yearsfrom the date of allotment of the respective units.

16. The Trustee reserves the right to change/modify theterms and conditions of the STP.

TERMS & CONDITIONS

I / We have read and understood the contents of the Scheme Information Document(s) of the respective Scheme(s) and the Statement of Additional Information and the terms & conditionsoverleaf. I / We hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the Flex STP of the following Scheme(s) / Plan(s) / Option(s) and agree to abide by the terms andconditions of the respective Scheme(s) / Plan(s) / Option(s). The ARN holder (AMFI registered Distributor) has disclosed to me/us all the commissions (in the form of trail commission or

any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.

KEY PARTNER / AGENT INFORMATION FOR OFFICE USE ONLYSub Agent's Name and Code/

Bank Branch CodeName and AMFI Reg. No. (ARN) M O Code

Date:

Name of the First / Sole Applicant

Name of the Guardian(in case of First / Sole Applicant is a minor)

Name of the Second Applicant

Name of the Third Applicant

Particulars

1. Folio No. of 'Transferor' Scheme (for existing Unit holder) /Application No. (for new investor)

2. Name of 'Transferor'Scheme/Plan/Option

3. Name of 'Transferee'Scheme/Plan/Option

4.(please any one Plan/Frequency only)Frequency of Flex STP

5. Date of Transfer(please any one only)

6. Enrolment Period(please refer item no.9(h)

7. Total Amount to betransferred (A)

8. Amount of Transferper Installment (B)

9. No. of Installment(Mandatory for Daily andWeekly STP only) (C=A÷B)

F FLEX

S SYSTEMATIC

T TRANSFER

P PLAN

Daily# Weekly Monthly Quarterly

(ONLY GROWTH OPTION)

(Not applicable for Daily Interval and Weekly Interval)

1st 5th 15th 20th 25th10th

From :

(Not applicable for Daily Interval and Weekly Interval)

For WeeklyFor Daily

Rs.

Account Statement Newsletter Annual ReportOther Statutory Information [as may be permitted under SEBI (Mutual Funds) Regulation, 1996]

E-Mail ID :

First/Sole Unit holder / Guardian Second Unit holder Third Unit holder

Please note: Signature(s) should be as it appears on the Application Form and in the same order.In case the mode of holding is joint, all Unit holders are required to sign.

In case of insufficient space, please fill up separate Enrolment Forms.# Refer Instruction No.8(a) $ Refer Instruction No.8(b)

Date :

Received from Mr./Ms.M/s ‘Flex STP’ application(s) for transfer of Units;

From Scheme / Plan / Option

To Scheme / Plan / Option

10. Receipt of Documentsby E-Mail (please )

Rs.

HDFC FLEX SYSTEMATIC TRANSFER PLAN

Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’

assessment of various factors including the service rendered by the ARN Holder.

MM YY To : MM YY

1. HDFC Flex Systematic Transfer Plan (“Flex STP”) is a facilitywherein unit holder(s) of designated open-ended Scheme(s) ofHDFC Mutual Fund can opt to transfer variable amount(s) linkedto value of investments under Flex STP on the date of transfer atpre-determined intervals from designated open-ended Scheme(s)of HDFC Mutual Fund [hereinafter referred to as “TransferorScheme”] to the growth option of designated open-endedScheme(s) of HDFC Mutual Fund [hereinafter referred to as“Transferee Scheme”]. Currently, the Scheme(s) eligiblefor this facility are as follows: HDFC Growth Fund, HDFC EquityFund, HDFC Top 200 Fund, HDFC Capital Builder Fund, HDFCIndex Fund, HDFC Balanced Fund, HDFC Prudence Fund, HDFCMF Monthly Income Plan (an open - ended income scheme.Monthly income is not assured and is subject toavailability of distributable surplus), HDFC Core & SatelliteFund, HDFC Premier Multi-Cap Fund, HDFC Mid-CapOpportunities Fund, HDFC Income Fund, HDFC High Interest Fund,HDFC Short Term Plan, HDFC Short Term Opportunities Fund,HDFC Medium Term Opportunities Fund, HDFC CashManagement Fund, HDFC Gilt Fund, HDFC Floating Rate IncomeFund and HDFC Liquid Fund.The above list is subject to change from time totime. Please contact the nearest Investor ServiceCentre (ISC) of HDFC Mutual Fund for updated list.

2. HDFC Flex STP Enrollment Form should be completed in Englishand in Block Letters only. Please tick (�) in the appropriate box(� ), where boxes have been provided. The FlexSTP Enrollment Form complete in all respects, should be submittedat any of the Investor Service Centres (ISCs) of HDFC MutualFund.

3. A single Flex STP Enrollment Form can be filled for transfer intoone Scheme/Plan/Option only.

4. In case of valid enrollment forms received, indicating choice ofoption other than the growth option in the Transferee Scheme,it will be deemed as the growth option in the TransfereeScheme and processed accordingly.

5. Investors are advised to read the Scheme Information Document(s)of the Transferee Scheme(s) and Statement of AdditionalInformation carefully before investing. The Scheme InformationDocument(s)/ Statement of Additional Information / KeyInformation Memorandum(s) of the respective Scheme(s) areavailable with the ISCs of HDFC Mutual Fund, brokers/distributorsand also displayed at the HDFC Mutual Fund website i.e.www.hdfcfund.com.

6. Unit holders should note that unit holders’ details and mode ofholding (single, jointly, anyone or survivor) in the Transferee Schemewill be as per the existing folio number of the Transferor Scheme.Units will be allotted under the same folio number. Unitholders’name should match with the details in the existing folio number,failing which the enrollment form is liable to be rejected.

7. Flex STP offers transfer facility at daily, weekly, monthly andquarterly intervals. Unit holder is free to choose the frequency ofsuch transfers.

8.a. Under the Flex STP - Daily Interval, unit holders will beeligible to transfer {fixed amount to be transferred per installmentor the amount as determined by the following formula [(fixedamount to be transferred per installment X number of installmentsincluding the current installment) - market value of theinvestments through Flex STP in the Transferee Scheme on thedate of transfer] whichever is higher} on every BusinessDay. In case the amount (as specified above) to be transferred isnot available in the Transferor Scheme in the unit holder’s account,the residual amount will be transferred to the Transferee Schemeand Flex STP will be closed.

b. Under the Flex STP - Weekly Interval, unit holders willbe eligible to transfer {fixed amount to be transferred perinstallment or the amount as determined by the followingformula [(fixed amount to be transferred per installment Xnumber of installments including the current installment) -market value of the investments through Flex STP in theTransferee Scheme on the date of transfer] whichever ishigher} on every Friday. In case the amount (as specifiedabove) to be transferred is not available in the TransferorScheme in the unit holder’s account, the residual amount willbe transferred to the Transferee Scheme and Flex STP will beclosed.

c. Under the Flex STP - Monthly Interval, unit holders willbe eligible to transfer {fixed amount to be transferred perinstallment or the amount as determined by the followingformula [(fixed amount to be transferred per installment Xnumber of installments including the current installment) - marketvalue of the investments through Flex STP in the TransfereeScheme on the date of transfer] whichever is higher} onthe 1st, 5th, 10th, 15th, 20th or 25th of each month. In case the amount(as specified above) to be transferred is not available in theTransferor Scheme in the unit holder’s account, the residualamount will be transferred to the Transferee Scheme and FlexSTP will be closed.

d. Under the Flex STP - Quarterly Interval, unit holders willbe eligible to transfer {fixed amount to be transferred perinstallment or the amount as determined by the followingformula [(fixed amount to be transferred per installment Xnumber of installments including the current installment) - marketvalue of the investments through Flex STP in the TransfereeScheme on the date of transfer] whichever is higher} onthe 1st, 5th, 10th, 15th, 20th or 25th of the first month of each quarter.

TERMS & CONDITIONSThe beginning of the quarter could be of any month e.g. April,August, October, November, etc. In case the amount (as specifiedabove) to be transferred is not available in the Transferor Schemein the unit holder’s account, the residual amount will be transferredto the Transferee Scheme and Flex STP will be closed.

e. In case the date of transfer falls on a Non-Business Day or fallsduring a book closure period, the immediate next BusinessDay will be considered for the purpose of determining theapplicability of NAV.

f. The first Flex STP installment will be processed for the fixedinstallment amount specified by the unitholder at the time ofenrollment. From the second Flex STP installment onwards,the transfer amount shall be computed as per formula statedabove.

g. The total Flex STP installment amount invested in the TransfereeScheme shall not exceed the total enrollment amount specifiedby the unitholder at the time of enrollment i.e. amount perinstallment X number of installments.

h. The redemption/ switch-out of units allotted in the TransfereeScheme shall be processed on First In First Out (FIFO) basis. Incase there is a redemption/ switch-out of any units allottedunder Flex STP, the balance installments under Flex STP will beprocessed for the fixed installment amount specified by theunitholder at the time of enrollment subject to clause 8(g)above.

i. Illustration 1: How to calculate the transferamount?Flex STP Enrollment Details :Transferor Scheme : HDFC Income FundTransferee Scheme : HDFC Equity Fund

- Growth OptionDate & Frequency of Flex STP : 15th date

- Monthly IntervalAmount of Transfer per Installment : Rs. 5,000/-Number of Installments : 12Enrollment Period : January - December

2009Calculation of Flex STP installment amount on thedate of the fourth installment i.e. April 15, 2009:• Total units allotted upto the date of last installment i.e. March

15, 2009 is assumed as 1,371.22;• The NAV of HDFC Equity Fund - Growth Option on April 15,

2009 is assumed as Rs 9/- per unit;• Hence the market value of the investment in the

Transferee Scheme on the date of transfer is Rs.12,340.91[1,371.22 X 9].

The installment amount will be calculated as follows:Fixed amount specified atthe time of enrollment : Rs. 5,000/-

orAs determined by the formula : [(5,000 X 4) – 12,340.91]

= Rs. 7,659.09whichever is higher

Hence, on April 15, 2009, the installment amount transferredto the Transferee Scheme will be Rs. 7,659.09Note 1 : The Flex STP installment dates above are assumedto be Business Days.

j. Illustration 2: How to calculate the transferamount?FLEX STP Enrollment Details : Transferor Scheme : HDFC Floating Rate Income

Fund - Short Term Plan Transferee Scheme : HDFC MF Monthly Income

Plan - Long Term Plan- Growth Option

Date & Frequency of Flex STP : 1st date - Monthly Interval Amount of Transfer per Installment : Rs. 5,000/- Number of Installments : 12 Enrollment Period : January - December 2009Calculation of Flex STP installment amount on thedate of the seventh installment i.e. July 1, 2009:• Total units allotted upto the date of last installment i.e. June

1, 2009 is assumed as 4,196.43;

• NAV of HDFC MF Monthly Income Plan – Long Term Plan -Growth Option on July 1, 2009 is assumed as Rs 10/- perunit;

• Hence the market value of the investment in theTransferee Scheme on the date of transfer is Rs. 41,964.29[4,196.43 X 10].

The installment amount will be calculated as follows :Fixed amount specified at thetime of enrollment : Rs. 5,000/-

orAs determined by the formula : [(5,000 X 7) - 41,964.29]

= Rs. –6,964.29 whichever is higher.

Hence, on July 1, 2009, the installment amount transferred tothe Transferee Scheme will be Rs. 5,000/-.

Note 1 : The Flex STP installment dates above are assumed tobe Business Days.

9.a. The minimum amount per Flex STP installment is asfollows:••••• Flex STP - Daily Interval : Rs. 500/- and any amount

thereafter.••••• Flex STP - Weekly & Monthly Interval: Rs. 1,000/- and any

amount thereafter.••••• Flex STP - Quarterly Interval: Rs. 3,000/- and any amount

thereafter.b. The minimum number of installments for enrollment under Daily

Flex STP:• minimum of 12 installments where installment amount is

less than Rs. 1,000/-.• minimum of 6 installments where installment amount is

equal to or greater than Rs. 1,000/-.c. There should be a minimum of 6 installments for enrollment

under Weekly and Monthly Flex STP and 2 installments forQuarterly Flex STP.

d. The minimum unit holder’s account balance or a minimumamount of application at the time of Flex STP enrollment inthe Transferor Scheme should be Rs. 12,000.

e. In case of Flex STP - Daily and Weekly Interval, thecommencement date shall be within 15 days from the date ofreceipt of a valid request.

f. The application for enrollment for Flex STP - Monthly & QuarterlyInterval should be submitted at least 10 Days before thecommencement date of the same.

g. In case of Daily / Weekly Interval and Monthly/ Quarterly Interval,Unitholders are required to fill in the number of installmentsand the enrollment period respectively in the Enrollment Form,failing which the form is liable to be rejected.

h. There is no maximum duration for Flex STP enrollment.10.a. In respect of Flex STP enrollments made in the above-

mentioned Transferee Scheme(s), the Load Structure prevalentat the time of enrollment shall govern the investors during thetenure of the Flex STP.

b. The details of Load Structure for investments through Flex STPare as follows:-The amount transferred under the Flex STP from the TransferorScheme to the Transferee Scheme will be effected by redeemingunits of Transferor Scheme at applicable NAV, after paymentof Exit Load, if any, and subscribing to the units of theTransferee Scheme at Applicable NAV, without paymentof any Entry Load#, as on the specified date of a monthor a quarter. Units will be allotted in the Transferee Scheme(s)on the above applicable dates.# No entry load will be charged with respect to applicationsfor registrations under Flex STP accepted by the Mutual Fund.Upfront commission shall be paid directly by the investor tothe ARN Holder (AMFI registered Distributor) based on theinvestors’ assessment of various factors including the servicerendered by the ARN Holder.Applicable Exit Load, if any, in the Transferee Scheme / Plan /Option as on the date of enrollment of units will also be levied.

11. Flex STP will be automatically terminated if all units areliquidated or withdrawn from the Transferor Scheme or pledgedor upon receipt of intimation of death of the unit holder.

12. The provision of ‘Minimum Redemption Amount’ asspecified in the Scheme Information Document(s) of therespective designated Transferor Scheme(s) and ‘MinimumApplication Amount’ specified in the Scheme InformationDocument(s) of the respective designated Transferee Scheme(s)will not be applicable for Flex STP.

13. An Account Statement will be issued by mail or by e-mail (ifopted by the unit holder) to the unit holder within 10 workingdays for the first investment through Flex STP. The subsequentaccount statement will be despatched once every quarterending March, June, September and December within 10working days of the end of respective quarter. In case of specificrequest received from investors, Mutual Fund will provide theaccount statement to the investors within 5 working days fromthe receipt of such request without any charges. Further, softcopy of the account statement shall be mailed to the investorsunder Flex STP to their e-mail address on a monthly basis, if somandated.

14. Unit holders will have the right to discontinue the Flex STPfacility at any time by sending a written request to the ISC.Notice of such discontinuance should be received at least7 days prior to the due date of the next transfer date. On receiptof such request, the Flex STP facility will be terminated. In caseof Flex STP - Daily Interval, termination of Flex STP will beeffective not later than the 7th Business Day from the date ofreceipt of written request.

15. HDFC Flex STP in any manner whatsoever isnot an assurance or promise or guarantee onpart of HDFC Mutual Fund/ HDFC AssetManagement Company Limited to the Unitholders in terms of returns or capitalappreciation or minimization of loss of capitalor otherwise.

16. The Trustee reserve the right to change/modify the terms andconditions of the Flex STP. The Trustee reserves the right towithdraw the Flex STP.

CAMS – OFFICIAL POINTS OF ACCEPTANCE OF TRANSACTIONS (For ongoing Transactions)

A. List of Investor Service Centres (ISCs) of Computer Age Management Services Pvt. Ltd. (CAMS), Registrar & Transfer Agents of HDFC Mutual Fund. These ISCs will be in addition to the existing points of acceptance at the officesof HDFC Limited / HDFC Asset Management Company Ltd. (Investor Service Centres for HDFC Mutual Fund). These ISCs of CAMS will be the official points of acceptance of transactions for schemes of HDFC Mutual Fund exceptLiquid Schemes/ Plans viz. HDFC Liquid Fund, HDFC Liquid Fund - Premium Plan and Premium Plus Plan and HDFC Cash Management Fund - Savings Plan & Call Plan.

ANDHRA PRADESH : 208, II Floor, Jade Arcade, Paradise Circle, Secunderabad - 500 003. 47/ 9 / 17, 1st Floor, 3rd Lane , Dwaraka Nagar, Visakhapatnam – 530 016. • BIHAR: Kamlalaye Shobha Plaza (1st Floor), Behind RBI, Near Ashiana Tower,Exhibition Road, Patna - 800 001. • GOA: No.108, 1st Floor, Gurudutta Bldg, Above Weekender, M.G. Road, Panaji, Goa - 403 001. • GUJARAT: 402-406, 4th Floor - Devpath Building, Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad– 380 006. 1st Floor, B Wing, Katira Complex,RTO Circle, Bhuj - 370 001. Office 207 - 210, Everest Building, Opp. Shastri Maidan, Limda Chowk, Rajkot - 360 001. Plot No-629, 2nd Floor, Office No. 2-C / 2-D, Mansukhlal Tower, Beside SeventhDay Hospital, Opp. Dhiraj Sons, Athwalines, Surat - 395 001. 103 Aries Complex, BPC Road, Off R.C. Dutt Road, Alkapuri, Vadodara - 390 007. • JHARKAND : Millennium Tower, S-4 Ground Floor, R- Road, Bistupur, Jamshedpur - 831 001. •KARNATAKA : Trade Centre, 1st Floor, 45, Dikensen Road (Next to Manipal Centre), Bangalore – 560 042. # 145, 1st Floor, 60 ft Road, 5th Block, Koramangala, Bangalore - 560 034. # 493, 1st Floor, 4th Cross, 2nd Main, Sampige Road, Malleshwaram,Bangalore - 560 003. G 4 & 5, Inland Monarch, Opp. Karnataka Bank, Kadri Main Road, Kadri, Mangalore - 575 003. • KERALA : 40 / 9633 D, Veekshanam Road, Near International Hotel, Kochi – 682 035. • MAHARASHTRA : Ground Floor,Rajabahadur Compound, Opp. Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai – 400 023. 145 Lendra Park,Behind Shabari, New Ramdaspeth, Nagpur – 440 010. Nirmiti Eminence, Off No. 6, 1st Floor, Opp. AbhishekHotel, Mehandale Garage Road, Erandawane, Pune – 411 004. • MADHYA PRADESH: Plot No. 13, Major Shopping Center, Zone - 01, M.P. Nagar, Bhopal - 462 011. 101, Shalimar Corporate Centre, 8-B, South Tukoganj, Opp. Green Park, Indore– 452 001 • NEW DELHI : 304-305, III Floor, Kanchenjunga Building,18, Barakhamba Road, New Delhi – 110 001. • ORISSA : Plot No. - 111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar, Unit 3, Bhubaneswar - 751 001.• PUNJAB : SCO 80-81, IIIrd Floor, Sector 17 C, Chandigarh – 160 017. Shop no. 20-21 ( Ground Floor ), Prince Market, Near Traffic Lights, Sarabha Nagar Pulli, Pakhowal Road, P.O: Model Town, Ludhiana - 141 002. • RAJASTHAN: G-III, ParkSaroj, Behind Ashok Nagar Police Station, R-7, Yudhisthir Marg ,C-Scheme, Jaipur – 302 001. 1/5, Nirmal Tower, 1st Chopasani Road, Jodhpur – 342 003. • TAMIL NADU : 66, Lokmanya Street (West), Ground Floor, R. S. Puram, Coimbatore –641 002. 178/10, Kodambakkam High Road, Opp. Hotel Palm Grove, Nungambakkam, Chennai - 600 034. • UTTAR PRADESH: 106 - 107 - 108, 1st Floor, IInd Phase,City Centre, 63/2, The Mall, Kanpur - 208 001. B-20, Sector -16, Near MetroStation, Noida - 201 301. Off# 4, 1st Floor, Centre Court, 5, Park Road, Hazratganj, Lucknow - 226 001. • WEST BENGAL : Lords Building, 7/1, Lord Sinha Road, Ground Floor, Kolkata – 700 071.

B. List of Transaction Points of Computer Age Management Services Pvt. Ltd. (CAMS), Registrar & Transfer Agents of HDFC Mutual Fund. These Transaction Points will be in addition to the existing points of acceptance at the officesof HDFC Limited / HDFC Asset Management Company Ltd. (Investor Service Centres for HDFC Mutual Fund)ANDHRA PRADESH : 15-570-33, I Floor, Pallavi Towers, Ananthapur - 515 001. Door No.: 23 B - 4 - 73, Andhra Bank Lane, Opp. Srinivasa Theatre, Ramachandra Rao Peta, Eluru - 534 002. D. No. 5-38-44, 5/1, Brodipet, Near Ravi Sankar Hotel,Guntur - 522 002. Door No.: 21/598, Palempapaiah Street, Near Ganjikunta, Pandurangaiah Dental Clinic, 7 Roads Circle, Kadapa - 516 001. No.33-1, 44 Sri Sathya Complex, Main Road, Kakinada – 533 001. H. No.7-1-257, Upstairs S.B.H,Mankammathota, Karimnagar – 505 001. Shop No: 11 - 2 - 31/3, 1st Floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, Khammam - 507 001. H. No. 43/8, Upstairs, Uppini Arcade, N R Peta, Kurnool - 518 004. Adj. toMaisaiah Statue, Clock Tower Center, Bus Stand Road, Nalgonda - 508 001. Shop No.: 62 & 63, Srinivasa Complex, Besides Ramakrishna Ply Wood, Srinivasa Nagar, Nandyal - 518 501. 9/756, 1st Floor, Immadisetty Towers, Ranganayakulapet Road,Santhapet, Nellore - 524 001. No. 5-6-209, Saraswathi Nagar, Nizamabad - 503 001. Shop No.1, ARN Complex, Kurnool Road, Ongole - 523 001. "Dwarakamayee", D. No. 8 / 239, Opp. Saraswathi Type Institute, Sreeramula Peta, Proddatur -516 360. Prakasam District. Tel. No.( 08592) 322707/08D. No. 7-27-4, Krishna Complex, Baruvari Street, T. Nagar, Rajahmundry – 533 101. Door No. 4 - 1 - 62, Adjacent to Idea Show Room, Palakonda Road, Srikakulam - 532 001. Shop No.14,Boligala Complex, 1st Floor, Door No. 18-8-41B, Near Leela Mahal Circle, Tirumala Bye Pass Road, Tirupathi - 517 501. 40-1-68, Rao & Ratnam Complex, Near Chennupati Petrol Pump, M. G. Road, Labbipet, Vijayawada – 520 010. F13, 1st Floor,BVSS Mayuri Complex, Opp. Public Garden, Lashkar Bazaar, Hanamkonda, Warangal - 506 001. • ASSAM : Old Post Office Lane, Bye Lane No 1, Rehabari, Guwahati - 781 008. Sanairan Lohia Road, 1st Floor, Tinsukia - 786 125. • BIHAR : Krishna,1st Floor, Near Mahadev Cinema, Dr. R. P. Road, Bhagalpur - 812 002. Shahi Complex, 1st Floor, Near RB Memorial hospital, V.I. P. Road, Benta, Laheriasarai, Darbhanga - 846 001. Brahman Toil, Durga Asthan, Gola Road, Muzaffarpur - 842 001.• CHHATTISGARH : 209, Khichariya Complex, Near Nehru Nagar SQ, Bhilai - 490 020. Beside HDFC Bank, Link Road, Bilaspur - 495 001. Tel: (7752) 327 886 / 887. C-23, Sector 1, Devendra Nagar, Raipur - 492 004. • GOA : Virginkar Chambers,1st floor, Near Kamat Milan Hotel, New Market, Near Lily Garments, Old. Station Road, Margao - 403 601. • GUJARAT : No. 101, A P Towers, B/H Sardar Gunj, Next to Nathwani Chambers, Anand - 388 001. 305-306, Sterling Point, Waghawadi,Opp. HDFC Bank, Bhavnagar - 364 002. G – 34, Ravi Complex, Valia Char Rasta, G.I.D.C, Ankleshwar, Bharuch – 393 002. Office No. 17, 1st Floor, Municipal Bldg, Opp. Hotel Prince Station Road, Bhuj – 370 001. Grain Merchants Association Building,Office No. 70, 2nd Floor, Near Old Court, Gandhidham - 370 201. Kailash Complex, Wing-A, Office No. 52, Bus Stand Road, Near Gundala Gate, Gondal - 360 311. 217/218, Manek Centre, P. N. Marg, Jamnagar - 361 001. Circle Chowk, NearChoksi Bazar Kaman, Junagadh - 362 001. D-78 First Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar - 383 001. 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana - 384 002. 108, Galaxy Complex, Opp. K.K. Steel, SanalaRoad, Morbi - 363 641. Dinesh Vasani & Associates, 103-Harekrishna Complex, Above IDBI Bank, Near Vasant Talkies, Chimnabai Road, Navasari - 396 445. Jyotindra Industries Compound, Near Vinayak Party Plot, Deesa Road, Palanpur - 385 001.1st Floor, Silver Complex, S.T. Road, Porbandar – 360 575. 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar – 363 035. Gita Nivas, 3rd Floor, Opp. Head Post Office, Halar Cross Lane, Valsad - 396 001. 215-216, Heena Arcade,Opp. Tirupati Tower, Near G.I.D.C. Char Rasta, Vapi - 396 195. Opp. to Lohanan Mahajan Wadi, Satta Bazar, Veraval - 362 265, Junagadh District. • HARYANA : Opposite PEER, Bal Bhawan Road, Ambala City - 134 003. 24-25, 1st Floor, CityMall, Hansi Gate, Bhiwani - 127 021. B-49, 1st Floor, Nehru Ground, Behind Anupam Sweet House, NIT, Faridabad - 121 001. SCO - 16, First Floor, Sector - 14, Gurgaon - 122 001. 12, Opp. Bank of Baroda, Red Square Market, Hisar - 125 001.83, Devi Lal Shopping Complex, Opp ABN AMRO Bank, G. T. Road, Panipat – 132 103. 205, 2nd Floor, Bldg No. 2, Munjal Complex, Delhi Road, Rohtak – 124 001. Shop No. 5, PP Tower, Ground Floor, Opp. Income Tax Office, Sonepat - 131 001.Yamuna Nagar – 135 001. • HIMACHAL PRADESH : 1st Floor, Opp. Panchayat Bhawan Main Gate, Bus Stand, Shimla – 171 001. • JAMMU & KASHIMIR : 660 - A, Near Digital Wares Lane, Opposite Dushara Ground, Front Gate Gandhi Nagar,Jammu - 180 004. • JHARKHAND : Mazzanine Floor, F-4, City Centre Sector 4, Bokaro Steel City, Bokaro - 827 004. S. S. M. Jalan Road, Ground Floor, Opp. Hotel Ashoke, Caster Town, Deoghar - 814 112. Urmila Towers, Room No. 111, 1st Floor,Bank More, Dhanbad - 826 001. Municipal Market, Annanda Chowk, Hazaribagh - 825 301. 223, 1st Floor, Tirath Mansion, (Near Over Bridge), Main Road, Ranchi – 834 001. • KARNATAKA : No. 6, Ground Floor, Pushpak Plaza, TP No.: 52,Ward No. 10, Next to Kumatagi Motors, Station Road, Near Basaveshwar Circle, Bagalkot - 587 101. 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate, Tilakwadi, Belgaum - 590 006. No. 18A, 1st Floor, Opp. Ganesh Petrol Pump,Parvati Nagar Main Road, Bellary - 583 101. # 13, 1st Floor, Akkamahadevi Samaj Complex, Church Road, P J Extension, Davangere - 577 002. Pal Complex, Ist Floor, Opp. City Bus Stop, Super Market, Gulbarga - 585 101. No. 206 & 207, ‘A’Block, 1st Floor, Kundagol Complex, Opp. Court, Club Road, Hubli - 580 029. Academy Annex, First Floor, Opposite Corporation Bank, Upendra Nagar, Manipal - 576104. No.3, 1st Floor, CH.26, 7th Main, 5th Cross (Above Trishakthi Medicals) SaraswatiPuram, Mysore – 570 009. # 12 - 10 - 51 / 3C, Maram Complex, Besides State Bank of Mysore, Basaveswara Road, Raichur - 584 101. Nethravathi, Near Gutti Nursing Home, Kuvempu Road, Shimoga - 577 201. • KERALA : Building No. VIII/ 411, C C N B Road, Near Pagoda Resort, Chungom, Alleppey - 688 001. Room No. 14/435, Casa Marina Shopping Centre, Talap, Kannur - 670 004. Kochupilamoodu Junction, Near VLC, Beach Road, Kollam - 691 001. Building No.: KMC IX/ 1331 A, Opp. Malayala Manorama, Railway Station Road, Thekkummoottil, Kottayam - 686 001. 29/97G, 2nd Floor, Gulf Air Building, Mavoor Road, Kozhikode - 673 016. 10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678 001.Adam Bazar, Room No. 49, Ground Floor, Rice Bazar (East), Thrissur – 680 001. R. S. Complex, Opp. LIC Building, Pattom, P.O., Trivandrum – 695 004. Central Tower, Above Indian Bank, Cross Junction, Thiruvalla - 689 101. • MADHYA PRADESH: Office No. 1, Parasia Road, Near Mehta Colony, Chhindwara - 480 001. G-6, Global Apartment, Phase-II, Opposite Income Tax Office, Kailash Vihar City Centre, Gwalior - 474 011. 975, Chouksey Chambers, Near Gitanjali School, 4th Bridge, NapierTown, Jabalpur - 482 001. 1st Floor, Shiva Complex, Bharat Talkies Road, Itarsi - 461 111. 18, Ram Bagh, Near Scholar's School, Ratlam - 457 001. Opp. Somani Automoblies, Bhagwanganj, Sagar – 470 002. 1st Floor, Shri Ram Market, BesidesHotel Pankaj, Birla Road, Satna - 485 001. 123, 1st Floor, Siddhi Vinanyaka Trade Centre, Saheed Park, Ujjain - 456 010. • MAHARASHTRA : 203-A, Mutha Chambers, Old Vasant Talkies, Market Yard Road, Ahmednagar – 414 001. Opp. RLT ScienceCollege, Civil Lines, Akola – 444 001. 81, Gulsham Tower, Near Panchsheel, Amaravati – 444 601. Office No. 1, 1st Floor, Amodi Complex, Juna Bazar, Aurangabad - 431 001. Above Mustafa Décor, Hakim Plaza, Near Jetpura Gate, Near BangaloreBakery, Kasturba Road, Chandrapur - 422 402. H. No. 1793 / A, J.B. Road, Near Tower Garden, Dhule – 424 001. Shri Talkies Road, Gondia - 441 601. 70, Navipeth, Opp. Old Bus Stand, Jalgaon – 425 001. Shop No: 11, 1st Floor, Ashok Plaza,Opp. Magistic Talkies, Subhash Road, Jalna - 431 203. AMD Sofex Office No.7, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur - 416 001. Kore Complex, 2nd Cross Kapad Line, Near Shegau Patsanstha, Latur - 413 512. Shop No. 302, 1st Floor,Raj Mohd. Complex, Work Shop Road, Shrinagar, Nanded - 431 605. Ruturang Bungalow, 2, Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nasik - 422 005. Mahavir Centre, Office No. 17, Plot No. 77, Sector - 17,Vashi, Navi Mumbai - 400 703. Kohinoor Complex, Near Natya Theatre, Nachane Road, Ratnagiri - 415 639. 117 / A / 3 / 22, Shukrawar Peth, Sargam Apartment, Satara – 415 002. Flat No 109, 1st Floor, A Wing, Kalyani Tower, 126 SiddheshwarPeth, Near Pangal High School, Solapur - 413 001. Opp. Raman Cycle Industries, Krishna Nagar, Wardha - 442 001. Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatmal - 445 001. • MEGHALAYA : LDB Building, 1st Floor, G. S. Road, Shillong- 793 001. • ORISSA : Similipada, Angul - 759 122. B. C. Sen Road, Balasore - 756 001. Gandhi Nagar Main Road, 1st Floor, Upstairs of Aroon Printers, Berhampur - 760 001. Cantonment Road, Cuttack - 753 001. Room No- 1, First Floor, SulaikhaComplex, Chorda By pass, Jajpur Road - 755 019. 1st Floor, Mangal Bhawan, Phase II, Power House Road, Rourkela – 769 001. Opp.Town High School, Sansarak, Sambalpur - 768 001. • PONDICHERRY : S-8, 100, Jawaharlal Nehru Street, (NewComplex, Opp. Indian Coffee House), Pondicherry – 605 001. • PUNJAB : 378-Majithia Complex, 1st Floor, M. M. Malviya Road, Amritsar – 143 001. 2907 GH, GT Road, Near Zilla Parishad, Bhatinda - 151 001. Near Archies Gallery, Shimla PahariChowk, Hoshiarpur - 146 001. 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar – 144 001. Shop No 3, Bank of India Building, Guru Amar Dass Market, Khanna - 141 401. Ground Floor, Adjoining TATA Indicom Office, Dutta Road,Moga - 142 001. 13 - A, 1st Floor, Gurjeet Market, Dhangu Road, Pathankot - 145 001. 35, New Lal Bagh Colony, Patiala – 147 001. SCF 17, Zail Singh Nagar, Ropar - 140 001. • RAJASTHAN : Shop No. S-5, Second Floor, Swami Complex, Ajmer– 305 001. 256 - A, Scheme No. 1, Arya Nagar, Alwar - 301 001. C/o. Kodwani & Associates, F-20-21 Apsara Complex, Azad Market, Bhilwara-311 001. F 4, 5, Bothra Complex, Modern Market, Bikaner – 334 001. 187 Rana Sanga Market, Chittorgarh- 312 001. B-33 'Kalyan Bhawan', Triangle Part ,Vallabh Nagar, Kota – 324 007. 18 L Block, Sri Ganganagar - 335 001. 32, Ahinsapuri, Fatehpura Circle, Udaipur – 313 004. • TAMILNADU : 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri- 636 701. 171-E, Sheshaiyer Complex, First Floor, Agraharam Street, Erode - 638 001. Shop No. 8, J. D. Plaza, Opp. TNEB Office, Royakotta Road, Hosur - 635 109. 126 GVP Towers, Kovai Road, Basement of Axis Bank, Karur - 639 002. JailaniComplex, 47, Mutt Street, Kumbakonam - 612 001. 156A / 1, First Floor, Lakshmi Vilas Building, Opp. to District Registrar Office, Trichy Road, Namakkal - 637 001. 86/71-A, Tamil Sangam Road, Madurai - 625 001. No. 2, 1st Floor, VivekanandStreet, New Fairland, Salem - 636 016. 1112, West Main Street, Tanjore - 613 009. 1st Floor, Mano Prema Complex, 182/6, S.N. High Road, Tirunelveli - 627 001. No. 1 (1), Binny Compound, 2nd Street, Kumaran Road, Tiruppur - 641 601. No.8, 1st Floor, 8th Cross West Extn., Thillainagar, Trichy - 620 018. No.54, 1st Floor, Pillaiyar Koil Street, Thottapalayam, Vellore - 632 004. 1-A/25, 1st Floor, Eagle Book Centre Complex, Chidambaram Nagar Main, Palayamkottai Road, Tuticorin -628 008. D. No. 59A/1, Railway Feeder Road, (Near Railway Station), Rajapalayam - 626 117. • TRIPURA : Krishnanagar, Advisor Chowmuhani (Ground Floor), Agartala - 799 001. • UTTAR PRADESH : F-39/203, Sky Tower, Sanjay Place, Agra- 282 002. City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh - 202 001. 30/2, A&B, Civil Lines Station, Besides Vishal Mega Mart, Strachey Road, Allahabad - 211 001. F-62, 63, IInd Floor, Butler Plaza Commercial Complex, CivilLines, Bareilly – 243 001. 64, Cantonment, Near GPO, Faizabad - 224 001. Shop No. 19, 1st Floor, Above YO Bikes, Seth Vimal Chand Jain Market, Jain Nagar, Agra Gate, Firozabad - 283 203. 207/A - 14, 2nd Floor, Devika Chamber RDC Rajnagar,Ghaziabad - 201 002. Shop No. 3, 2nd Floor, Cross Road, A. D. Chowk Bank Road, Gorakhpur - 273001. 248, Fort Road, Near Amber Hotel, Jaunpur-222 001. Opp. SBI Credit Branch, Babu Lal Karkhana Compound, Gwalior Road, Jhansi – 284001. 159 / 160, Vikas Bazar, Mathura - 281 001. B-612 ‘Sudhakar’, Lajpat Nagar, Moradabad - 244 001. 108, Ist Floor, Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut – 250 002. 17, Anand Nagar Complex, Rae Bareli - 229 001. IFloor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur - 247 001. 967, Civil Lines, Near Pant Stadium, Sultanpur - 228 001. C 27/249 - 22A, Vivekanand Nagar Colony, Maldhaiya, Varanasi – 221 002. • UTTARAKHAND : 399/1 JadugarRoad, 33 Civil Lines, Roorkee - 247 667. Durga City Centre, Nainital Road, Haldwani - 263 139. Arya Nagar, Near Arya Kanya School, Sitapur - 261 001. • UTTARANCHAL : 204/121, Nari Shilp Mandir Marg, Old Connaught Place, Dehradun -248 001. • WEST BENGAL : Block - G, 1st Floor, P C Chatterjee Market Complex, Rambandhu Talab, P. O. Ushagram, Asansol - 713 303. 399, G T Road, Opposite of Talk of the Town, Burdwan - 713 101. City Plaza Building, 3rd Floor, City Centre,Durgapur - 713 216. 2nd Floor, New Market Complex, Durgachak Post Office, Purba Medinipur District, Haldia - 721 602. A - 1/50, Block - A, Kalyani - 741 235. Shivhare Niketan, H. No. 29/11, Ward No. 15, Malancha Main Road, Opposite UCOBank, Kharagpur - 721 301. AA 101, Prafulla Kanan, Sreeparna Appartment, Ground Floor, Kestopur, Kolkata – 700 101. 33, C.R. Avenue,2nd Floor, Room No. 13, Kolkata - 700 012. Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally,Malda - 732 101. No. 8, Swamiji Sarani, Ground Floor, Hakimpara, Siliguri – 734 401.

C. List of Collection Centres of Computer Age Management Services Pvt. Ltd. (CAMS), Registrar & Transfer Agents of HDFC Mutual Fund. These Collection Centres will be in addition to the existing points of acceptance at the officesof HDFC Limited / HDFC Asset Management Company Ltd. (Investor Service Centres for HDFC Mutual Fund). These Collection Centres will not accept purchase transactions vide high value cheques. These CCs will accept Applicationsfrom Monday to Friday between 12 p.m. to 3 p.m. only.GOA : Office No. CF-8, 1st Floor, Business Point, Above Bicholim Urban Co-op Bank Ltd, Angod, Mapusa - 403 507. Tel No: 09326126122 • GUJARAT : F-108, Rangoli Complex, Station Road, Bharuch - 392 001. Tel No.: 9825304183. 8, RaviKiran Complex, Ground Floor, Nanakumbhnath Road, Nadiad - 387 001. Tel No: (02692) 325071/320704. 10/11, Maruti Complex, Opp. B R Marbles, Highway Road, Unjha - 384 170. Tel No: (02762) 323 985 / 117. • HARYANA : 7, 1st Floor, KunjapuraRoad, Opp Bata Showroom, Karnal - 132 001. Tel. No.: 09813999809 • MAHARASHTRA : 3, Adelade Apartment, Christian Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal - 425 201. 12/178 Behind Congress CommitteeOffice, Ichalkaranji, Kolhapur District - 416 115. 1, Skylark Ground Floor, Near Kamgar Kalyan Kendra & B.M.C. Office, Azad Road, Andheri (E), Mumbai - 400 069. Tel No.: (022) 25261431. Diwan Niketan, 313, Radhakrishna Vasahat, Opp. HotelSuruchi, Near S.T. Stand, Sangli - 416 416. Tel No.: 09326016616. • WEST BENGAL : Gagananchal Shopping Complex, Shop No. 36 (Basement), 37, Dr. Abani Dutta Road, Salkia, Howrah - 711 106. Tel No.: 9331737444. 33, C.R Avenue, 2ndfloor, Room No.13, Kolkata - 700 012. Tel No.: 09339746915.

CAMS AS THE OFFICIAL POINT OF ACCEPTANCE FOR ELECTRONIC TRANSACTIONS : CAMS, Registrar & Transfer Agents to HDFC Mutual Fund having its office at Rayala Tower, 158, Anna Salai, Chennai - 600 002, will be the official point ofacceptance for electronic transactions received from specified banks, financial institutions, etc. (mobilized on behalf of their clients) with whom HDFC Asset Management Company Limited (AMC) has entered or may enter into specific arrangementsfor purchase / sale / switch of units. Additionally, secured internet sites operated by CAMS will also be official point of acceptance.

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the scheme's objectives will be achieved and the NAV of the schemes may go upor down depending upon the factors and forces affecting the securities market. Past performance of the Sponsors and their affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performanceof the Scheme of the Mutual Fund. There is no assurance or guarantee to unit holders as to the rate of dividend distribution nor that dividends will be paid regularly. Investors in the Scheme are not being offered any guaranteed/ assured returns. The NAV of the units issued under the Scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities.The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. HDFC Income Fund, HDFC High Interest Fund, HDFC Short Term Plan, HDFC Short Term Opportunities Fund, HDFC Medium TermOpportunities Fund, HDFC Liquid Fund, HDFC Cash Management Fund, HDFC Floating Rate Income Fund and HDFC Gilt Fund are only the names of the Schemes and do not in any manner indicate eitherthe quality of the Schemes, their future prospects and returns. Please read the Scheme Information Document and Statement of Additional Information before investing. Applications would be accepted atofficial points of acceptance and on-going redemptions can be made at the official points of acceptance on all Business Days at NAV based prices. The AMC will calculate and publish NAVs on all Business Days.

Statutory Details: HDFC Mutual Fund has been set up as a trust sponsored by Housing Development Finance Corporation Limited and Standard Life Investments Limited (liability restricted to their contribution of S 1 lakh eachto the corpus) with HDFC Trustee Company Limited as the Trustee (Trustee under the Indian Trusts Act, 1882) and with HDFC Asset Management Company Limited as the Investment Manager.

HDFC ASSET MANAGEMENT COMPANY LIMITEDA Joint Venture with Standard Life Investments Limited

Registered Office :Ramon House, 3rd Floor, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020

Tel.: 022-66316333 Toll Free no. 1800 233 6767 • Fax : 022-22821144e-mail for Investors: [email protected] • e-mail for Distributors: [email protected]

website : www.hdfcfund.com

HDFC ASSET MANAGEMENT COMPANY LIMITED (HDFC AMC LIMITED)– INVESTOR SERVICE CENTRES / OFFICIAL POINTS OF ACCEPTANCE FOR HDFC MUTUAL FUND

ANDHRA PRADESH : HDFC AMC Limited, 6-3-883/7, IInd Floor, Saphire Square, Somajiguda, Hyderabad - 500 282. Tel. : 040 - 23417401 / 02 / 03 / 04 / 05, Fax : 040 -23417407. HDFC AMC Limited, 18-2-299/B, 1st Floor, Leela Mahal Circle, Tirumala Bypass Road, Tirupati- 517 507. Tel. : (0877) 2222 871 / 872 / 873 / 874, Fax No.: (0877) 2222689. HDFC AMC Limited, 2nd Floor, Centurion Bank Complex, Near Benz Circle, M. G. Road, Vijayawada-520 010. Tel. No: (0866)-3988029. HDFC AMC Limited, First Floor, Saigopal Arcade, WaltairMain Road, Siripuram, Visakhapatnam - 530 003. Tel. No.: (0891) 2769636, 6450306 / 9685 / 7584, Fax. No.: (0891) 2738728. HDFC AMC Limited, 2-5-83/84 1st Floor, Mitralaxmi Narayana Arcade, Nakkala Gutta, Hanmakonda, Warangal - 506 002. Tel: (0870) 2566 005/ 006/ 007 / 008/ 009, Fax: (0870) 2566010. ASSAM : HDFC AMC Limited, Premises- 1C, 1st Floor, Ganpati Enclave, G.S.Road, Guwahati-781 007. Tel No.: (0361)-2464759/60. Fax No.: (0361)-2464758. BIHAR : HDFC AMC Limited, Ishwari Complex, 1st Floor, Dr. RajendraPrasad Road, Bhagalpur - 812 002. Tel No: (0641) 2300 390, Fax No: (0641) 2300391. HDFC AMC Limited, C/o Hera Enclave (Adjacent to Sahara Unique Showroom), Mezzanine Floor, New Dak Bunglow Road, Patna - 800 001. Tel: 0612 - 2230540/3201439, Telefax: 0612- 2200747. CHHATTISGARH : Ground Floor, Chawla Complex, Devendra Nagar, Sai Nagar Road, Near Vanijya Bhawan, Near Indhira Gandhi Square, Raipur - 492 001. Tel: (0771) 4020 167 / 168. DELHI : HDFC AMC Limited, Ground Floor - 2 & 3 and First Floor, PrakashdeepBuilding, 7, Tolstoy Marg, Connaught Place, New Delhi - 110 001. Tel: (011) 6632 4000, Fax: (011) 23351317 /18. GOA : HDFC AMC Limited, Ground Floor, G3 & G4, Jivottam, Minguel Miranda Road, Off. Abade Faria Road, Margao - 403 601. Salcete. Tel : (0832) 2737410/ 11. Fax : (0832) 2736477. HDFC AMC Limited, S1, Second Floor, Above Axis Bank, Edcon Centre, Angod, Mapusa - 403 507, Bardez, Goa. Tel: (0832) 2253 460 / 461, Fax: (0832) 2253465. HDFC AMC Limited, A-3, First Floor, Krishna Building, Opp. Education Department,Behind Susheela Building, G. P. Road, Panaji - 403 001. Tel. : 0832 - 2425609, 2425610, Fax : 0832 - 2425614. HDFC AMC Limited, 6, Ground Floor, Pereira Chambers, Padre Jose Vaz Road, Vasco - 403 802, Mormugao. Tel No: (0832) 2513 402 / 406, Fax No: (0832) 2513448.GUJARAT : HDFC AMC Limited, 2nd Floor, Megha House, Besides GRUH House, Mithakhali Six Roads, Ahmedabad - 380 009. Tel. : 079 – 40050055 / 66, Fax : 079 - 40050506. HDFC AMC Limited, Maruti Sharanam, No.117, 1st Floor, Anand-Vidhyanagar Road, OppositeNandbhumi Party Plot, Anand - 388 001. Tel : (02692) - 398200, Fax : (02692) - 398222. HDFC AMC Limited, 3rd Floor, Shreemangalam Complex, Above IDBI Bank, Patel Society Road, Ward No. 1, Kasak Circle, Bharuch - 392 012. Tel : (0264) 2227205, Fax : (0264) 2227206.HDFC AMC Limited, 2nd Floor, Gangotri Plaza, Opposite Daxinamurty School, Waghawadi Road, Bhavnagar - 364 001. Tel : (0278) - 3988029, Fax : (0278) - 3984039. HDFC AMC Limited, 1st Floor, B Wing, Katira Complex, RTO Circle, Bhuj - 370 001. Tel No: (02832) 223223, Fax No: (02832) 251. 946 HDFC AMC Limited, 2nd Floor, Keshav Complex, P N Marg, Opposite Dhanvantry, Jamnagar - 361 001. Tel : (0288) - 3988029, Fax : (0288) - 3982426. HDFC AMC Limited, 2nd Floor, Rajendra Estate, State Highway, Mehsana - 384 002. Tel:(02762) 302000. Fax: (02762) 302020. HDFC AMC Limited, 2nd Floor, Shiv Darshan, Dr. Radha Krishnan Road, 5, Jagnath, Plot Corner, Rajkot - 360 001. Tel. : 0281- 6624881 / 82, Fax : 0281 - 6624883. HDFC AMC Limited, U1 - U3, Jolly Plaza, Opp. Athwa Gate Police Station,Athwa Gate, Surat - 395 001. Tel. : 0261 – 2460082 / 83, Fax : 0261 - 2460091. HDFC AMC Limited, Upper Ground Floor, Gokulesh, R. C. Dutt Road, Vadodara - 390 007. Tel. : 0265 - 6621110 / 20, Fax : 0265 - 6621150. HDFC Asset Management Company Limited,5-B, 2nd Floor, Sapphire Building, Daulatnagar, Chala-Vapi Road, Vapi - 396 191. Tel No: (0260) 3983900, Fax : (0260) 3983908 HARYANA : HDFC AMC Limited, TA - 12A, 15-18, Third Floor, Crown Plaza, Sector 15A, Mathura Road, Faridabad - 121 001. Tel. : (0124) 2221338 / 339 / 341 / 342 / 343, Fax No.: (0129) 2221340. HDFC Asset Management Company Limited, Premises 102, 1st Floor, Vipul Agora, MG Road, Gurgaon - 122 002. Tel No: (0124) 2560 450 - 54 Fax : (0124) 2560455 HDFC AMC Limited, 1175 B Royal 1, 1st Floor, AdjoiningGurudawara, G.T Road, Panipat - 132 103. Tel: (0180) 3985400/ 01, Fax: (0180) 3985403. JAMMU & KASHMIR : HDFC AMC Limited, Hall No-102 A/2, South Block, Bahu Plaza, Gandhi Nagar, Jammu - 180 012. Tel No.: (0191)-2477911/12/13 / (0191) 2474297/98/99. JHARKHAND: HDFC AMC Limited, Vardhan Complex, 1st Floor, Opp. Sreeleathers Showroom, Bank More, Dhanbad- 826 001. Tel No.: (0326) 3205352, 2301756. Fax No.: (0326) 2300552. HDFC AMC Limited, Gayatri Enclave, 2nd Floor, "K Road", Bistupur, Jamshedpur - 831 001. Telefax.:0657 - 2426730 / 2435791. HDFC AMC Limited, Pradhan Towers, 1st Floor, 5, Main Road, Ranchi- 834 001. Tel No.: (0651) 6003358. Fax No.: (0651) 3242077. KARNATAKA : HDFC AMC Limited, No. 114, 1st Floor, Prestige Towers, 99 & 100, Residency Road, Bangalore- 560 025. Tel. : 080 - 66205300, Fax : 080 - 51125255. HDFC AMC Limited, "Garla Garnet" 119/A/36, 9th Main, 4th Block, Jayanagar, Bangalore - 560 011. Tel. : (080) 41460260/61/62 Fax No.: (080) 41460263. HDFC AMC Limited, Premises No. 4830 / B, First Floor, Dr.Ambedkar Road, Opp. Civil Medical College, Belgaum - 590 002. Tel No: (0831) 4206 915 / 916 / 918, Fax No: (0831) 4206919. HDFC AMC Limited, # 63, Upper Ground Floor, Opposite Bellary Gas Agency, Anantapura Cross Road, Bellary - 583 103. Tel: (08392) 276576,Fax: (08392) 276580. HDFC Asset Management Company Limited, 190/3, 1st Floor, S.V.C. Plaza, Opposite Mothi Talkies, Gandhi Circle, Davangere - 577 002. Tel No: (08192) 250 240 / 241 / 242, Fax No: (08192) 250243. HDFC Asset Management Company Limited, Plot# 8 & 73, 3rd Floor, Rajesh Building, Super Market, Main Road, Gulbarga - 585 101. Tel: (08472) 399910 Fax: (08472) 271041. HDFC AMC Limited, No. 1, First Floor, Revankar Comforts, Vivekanand Road, Court Circle, Hubli - 580 029. Tel No.: (0836) 4252 294 / 95. FaxNo: (0836) 4252 290 HDFC AMC Limited, UG-II, 6 & 7, Upper Ground Floor, Maximus Commercial Complex, Light House Hill Road, Opp. KMC, Mangalore - 575 001. Tel. 0824 – 4285337 / 33, Fax : 0824 – 4285336. No. 2918, CH 51 / 1 B, 1st Floor, Patel Mansion, KantharajUrs Road, Saraswathipuram, Mysore - 570 009. Tel No.: (0821) 4000 530 Fax No: (0821) 4000 535. KERALA : HDFC AMC Limited, 3rd Floor, City Mall, Opposite YMCA, Kannur Road, Calicut - 673 001. Tel: (0495) - 4099222 / 333, 3982310, Fax: (0495) - 3982330. HDFCAsset Management Company Limited Second Floor, Down Town Complex, Near Koyili Hospital, Kannur - 670 004. Tel: (0497) 645 0489 / 276 2044 / 2045 Fax: (0497) 2762046. HDFC AMC Limited, Ground Floor, Cinema cum Commercial Complex, Behind Ravipuram Bus Stop,M. G. Road, Kochi - 682 016. Tel. : 0484 - 2357707 / 8, 3243058 / 59, Fax : 0484 - 2358462. HDFC AMC Limited, Sofia Complex, Near Andamukkam Bus Stand, Beach Road, Kollam - 691 001. Tel No: (0474) 2752 070 / 071/ 072 / 074, Fax No: (0474) 2752073. HDFC AMCLimited, 14/868, Ground Floor, Sri Krishna Complex, Coimbatore Road, Palghat - 678 001. Tel No.: (0491) 2548 302 / 6452 185 / 186 / 188, Fax No: (0491) 2548303. HDFC AMC Limited, 2nd Floor, E-Town Shopping, College Road, East Fort, Thrissur - 680 005. Tel: (0487)2441976. Fax: (0487) 2441976. HDFC AMC Limited, 1st Floor, Kaniamparambil Arcade, G S Junction, Shastri Road, Kottayam - 686 001. Tel No: (0481) 2309 759 / 760 / 761. Fax No: (0481) 3018397. HDFC AMC Limited, Ground Floor, Bhadra Tower, Cotton Hill Road, Vazhuthacaud,Thycaud P.O., Trivandrum – 695 014. Tel No.: (0471) 3983 730 / 731 / 732 Fax No.: (0471) 3983738. MADHYA PRADESH : HDFC AMC Limited, 1st Floor, Ranjeet Tower, 8, Zone-II, M. P. Nagar, Bhopal - 462 011. Tel. : 0755 - 4285385, 4246995, Fax : 0755 - 4058890.HDFC AMC Limited, M1, M2 & M3, Mezzanine Floor, Sterling Arcade,15 / 3, Race Course Road, Indore - 452 001. Tel No.: 0731 - 4022241 / 42. Fax No.: 0731 - 4245436. HDFC Asset Management Company Limited, First Floor, Muthye Udyog Bhawan,1039, Wright Town,Opp. Telephone Exchange, Jabalpur - 482 002. Tel No.: (0761) - 4049800, 3988029 Fax No.: (0761) - 4068814 HDFC Asset Management Company Limited, First Floor, Alakhnanda Towers, Shrimant Madhav Rao Scindia Marg, City Centre, Gwalior - 474 001. Tel No.: (0751)- 4066060, 3988029 Fax No.: (0751) - 3982803 MAHARASHTRA : HDFC AMC Limited, 1st Floor, Amar Arcade - 2, Opp. Raja peth Police Station, Raja Peth, Amravati - 444 601. Tel No: (0721) 2562 112 / 113 Fax No: (0721) 2564115 HDFC AMC Limited, 2nd Floor, RenukaCommercial Complex, Samarth Nagar, Nirala Bazar, Nageshwar Wadi Road, Aurangabad - 431 001. Tel: (0240) - 3988029, Fax: (0240) - 3982068. HDFC AMC Limited, 138, Ground Floor, Kavya Ratnavali Chowk, Omkareshwar Road, Jalgaon – 425 002. Tel. No.: (0257) 3982100/01. Fax : (0257) 3982114. HDFC AMC Limited, Royal Prestige, C1/C9, 1st Floor, E - Ward, Sykes Extension, Rajarampuri Road, Kolhapur - 416 008. Tel : (0231) - 3988029, Fax : (0231) - 3982060. HDFC AMC Limited**, Shop No. 3, Ground Floor, Abhishek Building, Irla Bridge,S.V. Road, Andheri (W), Mumbai - 400 058. Tel No.: (022) 32157352 / 34. Fax: (022) 26241131. HDFC Asset Management Company Limited** Shop # 7, Abhilasha Building, Punjabi Lane, Borivali (W), Mumbai - 400 092 Tel: (022) 32157268 / 342, Fax: (022) 32719222. HDFCAMC Limited,* Ramon House, 3rd Floor, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400 020. Tel. : 022 – 66316333, Fax : 022 – 66580200. HDFC AMC Limited, Mistry Bhavan, 2nd Floor, 122, Backbay Reclamation, Dinsha Vachha Road, Churchgate,Mumbai - 400 020. Tel. : 022 - 60006767, Fax : 022 - 66580211. HDFC Asset Management Company Limited**, Shop No. 1 & 2, Ground Floor, Atlantic Tower, R B Mehta Road, Near Railway Station, Ghatkopar (East), Mumbai - 400 077. Tel: (022) 65253409/08/06/21, Fax:(022) 25116805. HDFC AMC Limited**, Unit No. 101, First Floor, Landmark Building, 136 Hill Road,Opp. St. Peters Church, Bandra (West), Mumbai - 400 050. Tel: (022) 26434 760 / 762 / 763 / 764, Fax: (022) 26434768. HDFC Asset Management Company Limited**, ShopNo. 21/22, Ground Floor, Rajdeep CHS, Near Malhar Cinema, Gokhale Road, Thane (West) - 400 602. Tel: (022) 67124172/73/74/75/76, Fax: (022) 67124177. HDFC AMC Limited, 106-110, 2nd Floor, Shriram Shyam Towers, Near NIT Building, Kingsway, Sadar, Nagpur - 440001. Tel: 0712 - 6630301/02/04, Fax : 0712 - 6630206. HDFC AMC Ltd. G- 1 & G-2, "Suyojit Heights", Opp. Rajiv Gandhi Bhavan, Sharanpur Road, Nashik - 422 002. Tel. No.: 0253 - 6611831 / 32. Fax No.: 0253 - 6611836. HDFC AMC Limited, Ground Floor, City Mall,University Circle, Ganeshkhind Road, Pune - 411 007. Tel No : (020) 6607 3301, Fax No : (020) 6607 3310. HDFC AMC Limited**, BSE 1, Tech Building, 109, A Wing, 1st Floor, Opposite Vashi railway station, Sector 30, Vashi - 400 703. Tel: (022) - 39880299. HDFC AssetManagement Company Limited**, 1st Floor, Anant Kuti (Bibikar Bldg.), Manpada Road, Opp. Muncipal Corporation Bldg., Dombivli (East), Mumbai - 421 201. Tel: (0251) 2860 648 / 649 / 645 / 656 Fax: (0251) 2863953, ORISSA : HDFC AMC Limited, Sri Jagannath Complex,1st Floor, Opposite Hari - Omm Bhawan, Barbil - 758 035. Tel No: 09238106515 / 09238106525, Fax No: (06767) 277565. HDFC AMC Limited, Vinayak, 2nd Floor, 96, Janpath, Bhubaneswar - 751 001. Tel. : 0674 - 6450502/1502, Fax : 0674 - 2531483. HDFC AMC Limited,1st Floor, Plot No. 2690 (P), Bajrakabati Road, Ranihat, Cuttack – 753 001. Tel: (0671) 2323724/ 725, Fax: (0671) 2324741. HDFC AMC Limited, Praful Tower, 1st Floor, Panposh Road, Rourkela - 769 004. Tel No.: (0661) - 3988029,3982060/70. Fax No.: (0661) -3982068.HDFC AMC Limited, Kadambari Complex, 1st Floor, Unit - 4, Nayapara, Golbazar, Sambalpur - 768 001. Tel No: (0663) 2400 323 / 339, Fax No: (0663) 2400324. PONDICHERRY : HDFC AMC Limited, No.17, I Floor, Sree Velayudham Complex, Near Indhira Gandhi Square,Natesan Nagar, Pondicherry - 605 005. Tel: (0413) 3043 293 / 500 / 600. Fax: (0413) 2206776. PUNJAB : HDFC AMC Limited, SCO-28, 1st Floor, Taneja Towers, District Shopping Complex, Ranjit Avenue, Amritsar-143 001. Tel: (0183) 3988028 / 2570, Fax: (0183) 3982599.HDFC AMC Limited, SCO 375-376, Ground Floor, Sector 35-B, Chandigarh - 160 022. Tel. : 0172 - 2623397, 2624497 Telfax: 0172 - 3013839. HDFC AMC Limited, 2nd Floor, Above ING Vysya Bank, Adjacent to Sekhon Grand Hotel, Namdev Chowk, G T Road, JalandharCity - 144 001. Tel: (0181) 3988029 / 970, Fax: (0181) 3982966. HDFC AMC Limited, SCO 122, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: 0161 - 2774321 / 5014321. Fax : 0161 - 3013838. RAJASTHAN : HDFC AMC Limited, 4th Floor, K.C. Complex, Opp. DaulatBagh, Ajmer - 305 001. Tel: (0145) 3099000. Fax: (0145) 3099001. Indraparshta Tower, Shop Nos. 209 - 213, Second Floor, Shyam Ki Sabji Mandi, Near Mukharji Garden, Bhilwara - 311 001. HDFC AMC Limited, “Moondhra Bhavan”, 3-Ajmer Road, Jaipur - 302 001. Tel.: 0141 - 5111125, 2374968, Fax : 0141 - 5111126. Gulab Singh Bhavan, 11, Chopasni Road, Jodhpur - 342 003. Tel. : 0291 - 5101927, 5101937, Fax : 0291 - 5105919. HDFC Asset Management Company Limited, 1st Floor, Gowardhan Plaza, 25, Trench Colony, OppositeLok Kalamandal, Udaipur - 313 001. Tel: (0294) 3988029, Fax: (0294) 3982000. TAMIL NADU : HDFC AMC Limited, ITC Centre, First Floor, 760, Anna Salai, Chennai - 600 002. Tel. : 044 - 43979797 / 43979716, Fax : 044 - 28415855. HDFC AMC Limited, 1371A, GroundFloor, Nadar Building, Trichy Road, Coimbatore - 641 018. Tel: 0422 - 4391861/62/63. Fax: 0422 - 4391714. HDFC AMC Limited, 127 C/3 East Veli Street, Madurai - 625 001. Telefax : (0452) - 3988029. HDFC AMC Limited, 1st Floor, No1 Bhimsena Garden Street, RoyapettahHigh Road, Mylapore, Chennai – 600 004. Tel: (044) 30913060, Fax: (044) 30913082. HDFC AMC Limited, First floor, Ram Complex, No. 454/3, Meyanoor Main Road, Salem - 636 009. Tel : (0427) 3982680/700. Fax : (0427) 2333617. HDFC AMC Limited, No. 60, Sri KrishnaArcade, First Floor, Tennur High Road, Tennur, Trichy - 620 017. Tel: (0431) 3982830, Fax: (0431) 3982835. HDFC AMC Limited, 1st floor, No. 142/7, Sri Balaji Arcade, Opp to Alagar Jewellery, Trivandrum Road, Palayamkottai, Tirunelveli - 627 002 Tel No : (0462) 2576174Fax No. : ( 0462) 2576173 UTTARAKHAND : HDFC AMC Limited, 76, Rajpur Road, Near RTO, Dehradun - 248 001. Tel: (0135) 3988029/ 7434, Fax: (0135) 3987444. UTTAR PRADESH : HDFC AMC Limited, B2, 1st Floor, 9/4, Shankar Point, Sanjay Place, Agra- 282 002.Tel: (0562) 3984761-73, Fax: (0562) 3984777. HDFC AMC Limited, 3/260-A, Arena Complex, Laxmibai Marg, Marris Road, Aligarh - 202 001. Tel No: (0571) 2740 770 / 771 / 772 / 773, 2743 970 / 971, Fax No: (0571) 2740772. HDFC AMC Limited, 3rd Floor, Agarwal Arcade,Hyundai Motors Showroom, 4 Sardar Patel Marg, Civil Lines, Allahabad - 211 001. Tel No: (0532) 2561 035/036/038/041/042/043, Fax No: (0532) 2561035. HDFC AMC Limited, 146 Civil Lines, 1st Floor, Gupta Complex, Near Circuit House Chouraha, Bareilly - 243 001. Tel:(0581) 2510 749 / 759, Fax: (0581) 2510709. HDFC Asset Management Company Limited, D-2, 1st Floor, Raj Nagar District Centre, Raj Nagar, Gaziabad - 201 010. Tel: (0120) 301 0635 Fax: (0120) 3010636. HDFC AMC Limited, 1st Floor, 16/80 D, Behind SBI Main, CivilLines, Kanpur - 208 001. Tel. : 0512 - 2331484-87, Fax : 0512 - 2331487. HDFC AMC Limited, 4 Shahnajaf Road, Lucknow - 226 001. Tel. : 0522 -2207591, 2200163, Fax : 0522 - 2230408. HDFC AMC Limited, 143/145/1, Ganpati Plaza, Ground Floor, Magal Pandey Nagar,Meerut - 250 005. Tel No: (0121) 2602 380 / 2601 964 / 965, Fax No: (0121) 2602380. HDFC AMC Limited, Parsvnath Plaza-II, UGF Hall No.4, Delhi Road, Moradabad - 244 001. Tel No.: (0591) 3988029 / 3982131. Fax No.: (0591) 3982137. HDFC AMC Limited, K-24/25,Premises No. 36 & 37, Pearl Plaza, Sector-18, Noida - 201 301. Tel No.: (0120) 3988029. Fax No.: (0120) 3980610. HDFC AMC Limited, D-64/127, 4th Floor, Arihant Complex, Sigra, Varanasi - 221 010. Tel. : 9935177068, 9935147068. WEST BENGAL : HDFC AMC Limited,2nd Floor, Chatterjee Plaza, 69/101, GT Road, Rambandhutala, Asansol - 713 303 Tel No : (0341) 2221220 Fax No : (0341) 2221219 HDFC AMC Limited, City Plaza, City Centre, 1st Floor, Durgapur - 713 216. Tel: (0343) 3982150, Fax: (0343) 3982153. HDFC AMC Limited,MS Towers, 2nd Floor, O.T. Road, Inda, Kharagpur - 721 305. Tel No: (03222) 227 627 / 657. Fax No: (03222) 227683. HDFC AMC Limited, Menaka Estate, 1st Floor, 3 Red Cross Place, Kolkata - 700 001. Tel. : 033 - 22427849 / 53 / 56 / 59, Fax : 033 - 22439582. GitanjaliComplex, 2nd Floor, Above Corporation Bank, Sevoke Road, Siliguri - 734 001. Tel No.: (0353) - 6453474. Fax No.: (0353) 2545270.

*This is not an Investor Service Centre for HDFC Mutual Fund. However, this is an official point of acceptance for acceptance of all on-going transactions from Institutional Investors only, i.e. broadly covering all entities other than resident / non resident individuals. InstitutionalInvestors are free to lodge their applications at any other official points of acceptance also. **Official points of acceptance of transactions for schemes of HDFC Mutual Fund except purchase transactions of Liquid Schemes / Plans viz. HDFC Liquid Fund, HDFC Liquid Fund - PremiumPlan and Premium Plus Plan and HDFC Cash Management Fund - Savings Plan & Call Plan.

AMFI CERTIFIED STOCK EXCHANGE BROKERS AS OFFICIAL POINTS OF ACCEPTANCE FOR TRANSACTIONS (PURCHASE/ REDEMPTION) OF UNITS OF HDFC MUTUAL FUND SCHEMES THROUGH THE STOCK EXCHANGE(S) INFRASTRUCTURE

All trading members of Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE"), who are registered with AMFI as Mutual Fund Advisors and who have signed up with HDFC Asset Management Company Limited and also registered with BSE & NSE as Participants("AMFI certified stock exchange brokers"), offering the facility for purchase/redemption of units of HDFC Mutual Fund Scheme(s) through Stock Exchange(s) will be considered as Official Points of Acceptance (OPA) of HDFC Mutual Fund."

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